ecolutions GmbH & Co. KGaA
ecolutions GmbH & Co. KGaA: ecolutions GmbH & Co. KGaA: EDF Energies Nouvelles Plans Acquisition of Futuren SA
DGAP-News: ecolutions GmbH & Co. KGaA / Key word(s): Statement/Miscellaneous ecolutions GmbH & Co. KGaA: EDF Energies Nouvelles Plans Acquisition of Futuren SA Hanover, May 5, 2017 – ecolutions GmbH & Co. KGaA (“Ecolutions KGaA”) welcomes the recent announcement that EDF Energies Nouvelles plans to acquire a majority interest in Futuren SA (formerly known as Theolia SA). EDF EN is a subsidiary of Electricité de France SA (EDF), a major French corporation, and plans to acquire Futuren SA at a price of EUR 1.15 per share. With an interest of more than 38%, Futuren is Ecolutions KGaA’s largest single shareholder. Futuren, which previously operated under the name Theolia, acquired an interest in Ecolutions KGaA in 2007. In 2012, Ecolutions’ largest single shareholder and its affiliated Supervisory Board members at the time got involved in a number of legal disputes with the Ecolutions Group and its general partner, Ecolutions Management GmbH. These numerous legal disputes stemmed from the differences of opinion between Ecolutions KGaA’s two major shareholders. The company has been negatively affected by considerable litigation costs and attorney’s fees in recent years, resulting in no discernible shareholder value added. Some of these legal disputes have been settled. With the arrival of Futuren SA’s new majority shareholder, EDF Energies Nouvelles, Ecolutions KGaA’s management will focus on constructive cooperation for the benefit of Ecolutions KGaA and all its general partner’s shareholders. For ecolutions GmbH & Co. KGaA Management Contact:
05.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |