Announcement • May 26
Enefit Green AS, Annual General Meeting, Jun 26, 2025 Enefit Green AS, Annual General Meeting, Jun 26, 2025, at 16:00 FLE Standard Time. Location: at enefit green head office lelle 22, tallinn, Estonia Announcement • May 14
Eesti Energia AS completed the acquisition of 20.03% stake in Enefit Green AS (TLSE:EGR1T) for approximately €180 million. Eesti Energia AS proposed to acquire remaining 22.83% stake in Enefit Green AS (TLSE:EGR1T) for approximately €210 million on March 27, 2025. A cash consideration valued at €3.4 per share will be paid by Eesti Energia AS. Eesti Energia AS pays the purchase price in full from their own resources. As part of consideration, an undisclosed value is paid towards common equity of Enefit Green AS. Upon completion, Eesti Energia AS will own 100% stake in Enefit Green AS. The goal is to increase Eesti Energia's shareholding in Enefit Green to at least 90%, which would allow them to initiate a squeeze-out process for the remaining shares and delist Enefit Green from the Nasdaq Tallinn Stock Exchange. This would simplify management and reduce reporting obligations. This is contingent upon regulatory approval. As of April 7, 2025, the prospectus and the bid notice received approval from the Financial Supervision Authority.
As of April 21, 2025, The opinion of the Supervisory Board of Enefit Green AS ("Supervisory Board") has been prepared. All members of the Supervisory Board are on the opinion that the Bid does not have any negative impact for the interests of Enefit Green. There are no foreseeable immediate or direct impacts to Enefit Green's employment relationships with employees in relation to the Bid, however, it can not be ruled out, that due to integration of the internal processes, existing positions and employment relationships will also need to be changed.
Eesti Energia AS completed the acquisition of 20.03% stake in Enefit Green AS (TLSE:EGR1T) on May 12, 2025. During the offer period 52,940,905 shares were tendered. After completion of offer, Eesti Energia AS now owns 256,872,310 Shares that amounts to 97.2%. Announcement • Apr 09
Eesti Energia Launches Takeover Bid for Enefit Green's Shares and Plans to Delist stock from the Nasdaq Tallinn Stock Exchange Eesti Energia AS has launched a voluntary takeover bid for the shares not already held in subsidiary Enefit Green AS, planning to delist the renewables developer’s stock from the Nasdaq Tallinn Stock Exchange. With the bid, Eesti Energia aims to lift its shareholding in Enefit Green to at least 90% from the current 77.17%. The company said on April 7, 2025 it has offered EUR 3.40 (USD 3.72) per share for the remaining 22.83% of Enefit Green. It will target at least 33.92 million shares in order for its bid to be successful, and if this happens, it will buy out the remaining stock of the renewables company. Bidding for Enefit Green stock will be held between April 8 and May 12. Results from it will be available around May 14 and the settlement is scheduled for May 16. 
