The energy company Greening has successfully completed the public takeover bid for Energy Solar Tech by achieving over 92% acceptance of the share capital, surpassing the minimum required threshold.
Greening has concluded the public takeover bid (OPA) launched for Energy Solar Tech after more than 92% of the target company's shareholders accepted the operation. The level of support exceeds the minimum threshold set, allowing the offer to proceed to settlement according to the established timetable.
Shareholders of Energy Solar Tech who participated in the OPA will receive 0.9546 new shares of Greening for each share contributed. To meet this consideration, Greening will carry out a non-cash capital increase, the details of which will be communicated to the market once the necessary procedures are completed.
This operation is part of Greening's Strategic Plan 2026-2030, which aims to transform the business model into an integrated energy platform. With the incorporation of Energy Solar Tech, the group strengthens its positioning by adding operating renewable assets that generate recurring cash flow, as well as industrial and technological capabilities in electrical infrastructures, substations, equipment, and modular solutions for data centres.
At the same time, Greening's CEO, Pablo Otín, has increased his stake in the company by acquiring 13,307 shares worth €22,284.4. Otín highlighted that “the incorporation of Energy Solar Tech represents a new step in the execution of our Strategic Plan and reinforces our goal of building an integrated energy platform, with a more resilient business model, greater recurring cash generation, and differential capabilities to continue growing profitably.”
For shareholders of Energy Solar Tech who did not participate in the offer, the deadline to join may still be open depending on the final terms of the OPA. It is recommended to consult the information brochure to know the exact conditions and remaining deadlines.
The integration of Energy Solar Tech will also strengthen the group's engineering, construction, and project execution (EPC) business, GreenSol, in a context of growing demand for infrastructures related to electrification, renewable deployment, and the data ecosystem. Greening expects this acquisition to contribute to a stronger financial structure and to profitable and sustainable growth in the coming years.
This operation marks a milestone in the consolidation process of the Spanish energy sector, where companies seek to gain scale and diversify their income sources. With the closure of this OPA, Greening positions itself as a relevant player in the renewable and integrated energy solutions market.
You may also like
