EQT Acquires Majority Stake in Waga Energy to Fuel Global Expansion

Waga Energy has announced the completion of EQT's acquisition of a majority stake. EQT now holds 56.48% of the share capital and 53.26% of the voting rights. The purchase price is EUR 21.55 per share, with a possible earn-out of up to EUR 2.15 per share. This transaction follows necessary regulatory approvals.

EQT, through its acquisition vehicle Box BidCo, plans to file a mandatory tender offer for remaining shares in late 2025. The transaction aims to support Waga Energy's growth, especially in the U.S., and advance its role in energy transition.

The acquisition led to Board changes, with notable appointments including Asis Echaniz as Chairman. Waga Energy's CEO, Mathieu Lefebvre, emphasizes EQT's support as a pivotal step towards expanding Waga's international presence.