As of: March 6, 2024, 9:02 p.m
Comments
Press
Split
Wind turbines rotate in a wind farm on the North Sea.
g”) © Christian Charisius/dpa
The wind and solar park operator Encavis has confirmed discussions about a possible takeover by the US financial investor KKR.
The MDax group announced on Wednesday evening that there had been contact with KKR regarding interest in a possible transaction.
However, the talks are still at a very early stage.
There is no guarantee that any possible transaction will be proposed or implemented, it said.
Hamburg - The Bloomberg news agency had previously reported that KKR was interested in buying.
The transaction could therefore be worth more than two billion euros.
Encavis shares rose by a good 18 percent in regular trading.
It also settled at this level after trading.
The price of the shares has more than halved since a long-term high in January 2021.
The losses are part of a sector-wide decline in renewable energy.
Higher interest rates make investments in larger projects more expensive, and costs also rise due to inflation.
The recent fall in energy prices has also recently weighed on Encavis's operating results, according to Berenberg analysts.
The company owns more than 80 wind farms and more than 200 solar parks in Europe.
dpa