Industry News, Trustworthy Insights

Popular Companies:

KKR & Co: Behind the €1.2bn Bid For ESG Firm Greenvolt

KKR & Co is making a bold move to expand its footprint in the renewable energy sector by bidding €1.2 billion ($1.3 billion) to acquire Greenvolt-Energias Renovaveis SA, a Portuguese renewable energy company.

KKR & Co have been looking to acquire multiple ESG firms. Photo: Getty Images
KKR & Co have been looking to acquire multiple ESG firms. Photo: Getty Images

KKR’s offer of €8.30 per share represents an impressive 11% premium compared to Greenvolt’s closing share price on Wednesday.

Following the announcement, trading was temporarily halted by Portugal’s stock market regulator before resuming and seeing the stock rise to match the offer price.

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]