As the company announces, Masdar, having already acquired the majority of the outstanding shares, is now mandated to make a mandatory public tender offer for the remaining 29.57% of shares not under its ownership. The offer price will be 20 euros per share, consistent with the price at which the initial acquisition was completed.
Upon successfully securing the necessary shareholder approval and acquiring the requisite percentage of shares, Masdar intends to submit an application to delist TENERG from the Athens Stock Exchange (ATHEX), effectively concluding its public market presence.
