Lisbon, Oct. 24, 2024 (Lusa) - The general and mandatory takeover bid for Portugal's Greenvolt launched by GVK Omega, which is controlled by the US investment fund Kohlberg Kravis Roberts (KKR), to acquire the shares it does not yet control in the renewable energy company, ends on Thursday.

In this offer, GVK Omega is offering €8.3107 for each share, "which is equivalent to the total amount of the offer of 452,683,371.9 euros," according to the prospectus, published via Portugal's Securities Markets Commission (CMVM).

"The consideration will be paid in cash, less any (gross) amount that may be attributed to each target share by way of dividends, advance on profits for the year or distribution of reserves," the document states. "This deduction will be made from the moment the right to the amount in question is detached from the target shares and provided that this moment occurs before the liquidation of the offer."

According to the prospectus, "the offer will take effect between 08:30 (Lisbon time) on 07 October 2024 and 15:30 (Lisbon time) on 24 October 2024, without prejudice to any possible extension if the offer is modified or revised, if a competing offer is launched or if the protection of the interests of the recipients so warrants."

GVK Omega, the prospectus states, "intends to contribute to the long-term development and sustainable growth" of Greenvolt.

On 3 June, KKR had control of 82% of Greenvolt's shares.

The Americans also said that if they were to hold more than 90% of Greenvolt's capital through this compulsory takeover bid, they would activate the mechanism of a potestative acquisition with a view to delisting the company.

ALN/ARO // ARO.

Lusa