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LISBON (Reuters) -A unit of U.S. private equity fund KKR announced on Thursday a full takeover bid for Portuguese renewable energy company Greenvolt, which values the firm at 1.16 billion euros, and said it had already secured a controlling stake via agreements. Gamma Lux said in a statement it was offering 8.3 euros per Greenvolt share, which is 11.5% above Wednesday's closing price of 7.45 euros and represents a premium of 32.1% compared to the weighted average price over the last six months. After a brief suspension from trading, Greenvolt shares jumped 11% to 8.28 euros on Euronext Lisbon. ....
(Bloomberg) A fund controlled by KKR & Co. has offered to buy Portugal’s Greenvolt-Energias Renovaveis SA for €1.2 billion ($1.3 billion) in an effort to expand its presence in renewable energy.Most Read from BloombergVilified Zero-Day Options Blamed by Traders for S&P DeclineThe Hedge Fund Traders Dominating a Massive Bet on BondsCitigroup Is Exiting Distressed Debt Trading Trump Barred From Colorado Ballot in Unprecedented RulingOnce Africa’s Richest Woman, Dos Santos Has $734 Million of As ....