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Windtech International January February 2024 issue

 

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AREVA has announced that it has agreed to acquire additional shares of REpower Systems AG for a purchase price of €140 per REpower share.

As a consequence of this purchase, AREVA will own 2,435,445 shares of REpower, representing slightly above 30% of the company's share capital. As a legal consequence of this purchase, the price offered by AREVA in its public offer to all shareholders of REpower published on February 5th 2007 has increased to €140 per REpower share. The improved offer price of €140 in cash for each REpower share values REpower at a total equity value of €1,137 million and represents:

  • a premium of 11.1 per cent to Suzlon Windenergie GmbH's offer published on February 28th 2007
  • a premium of 33.3 per cent to the price offered by AREVA in the Offer Document published on February 5th 2007
  • a premium of 95.9 per cent to the three-month average weighted share price prior to AREVA's announcement of its intention to launch a voluntary public tender offer on January 22nd 2007.

The offer period will run until April 20th 2007, 24:00 hours CET, unless extended.

 
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