- Published: 05 February 2007 05 February 2007
The Areva Group announced that it has published a cash tender Offer for the shares it does not already own in REpower Systems AG.
Areva currently holds more than 29.9 per cent of REpower and has been a strategic partner and investor in the company since September 2005. The Offer period will run until 7 March 2007, 24:00 hours CET, unless extended. As announced on 22 January 2007 AREVA is offering € 105 per REpower share, which values REpower's equity at more than € 850 million. As outlined in the Offer Document, the offer will be subject to Areva achieving at least 50% plus one share ownership in REpower and usual customary conditions.