Biomass Vision 2030: Takeover bid project for Charwood Energy

Biomasse Vision 2030 has announced its intention to launch a simplified public tender offer (OPA) for Charwood Energy at €4.10 per share, with a mandatory delisting planned thereafter. The company, which represents the main shareholders of Charwood Energy, already holds 91.75% of the share capital following the contribution of 89.64% of the shares and the acquisition of a block of shares. The proposed price represents a significant premium over recent share prices.

Biomasse Vision 2030, initiated by several industry players, is considering delisting Charwood Energy from the Euronext Growth Paris market, citing unfavorable market conditions for small-cap stocks. The AMF (French Financial Markets Authority) will need to approve the transaction to ensure its compliance.

Crowe HAF has been appointed as an independent expert to assess the fairness of the offered price. SwissLife Private Bank will present the transaction.