Encavis AG Secures Approval for Takeover by KKR-led Consortium

Encavis AG has announced the completion of all regulatory approvals for its voluntary public takeover by Elbe BidCo AG. The KKR-led consortium now holds approximately 87.41% of Encavis shares, following the acquisition at EUR 17.50 per share. The takeover offer conditions have been fulfilled, paving the way for settlement within eight banking days.

The strategic partnership with BidCo aims to bolster Encavis' growth strategy, expanding its renewable energy portfolio across Europe. The support from KKR and Viessmann is expected to enhance Encavis' market position. Additionally, a delisting from the stock exchange is planned to leverage financial flexibility.

Dr. Christoph Husmann of Encavis emphasized the strength of their new partnership for future growth. The transaction aligns with KKR's goal of strengthening Europe's energy independence, providing significant financial resources to Encavis' expansion efforts in renewable energy.