Energy Solar Tech Details Steps of the Announced Takeover Bid by Greening Group
Energy Solar Tech SA has provided its shareholders with an information guide regarding the voluntary public takeover offer announced by Greening Group Global. The document outlines the main steps of the process, while clarifying that it does not constitute an investment recommendation or a stance from the board of directors on the offer.
A Share-Based Offer, Not Yet Open for Acceptance
In this guide, Energy Solar Tech reminds that Greening Group Global announced on May 28, 2026, its intention to launch a voluntary public offer for all its shares. The proposed consideration would be in the form of a share exchange: 0.9546 new Greening Group Global share for each Energy Solar Tech share contributed. Based on the closing price of Greening on the first session following the announcement, which is May 29, 2026 according to the guide, this parity represented a theoretical value of approximately 3.17 euros per Energy Solar Tech share.
Value Dependent on Greening's Share Price
The company emphasizes, however, that the actual economic value of the exchange may vary depending on the performance of Greening's share price up to the settlement of the transaction. It also specifies that no acceptance period is currently open, and at this stage, shareholders have no instructions to submit any contributions.
The Board of Directors Will Issue Its Opinion Later
Energy Solar Tech indicates that its board of directors will analyze the offer in an independent, objective, and rigorous manner, with the support of independent legal and financial advisors. Its formal and reasoned opinion will be published later, once complete documentation is available, including the offer prospectus.
