Solarpack: Soars on takeover bid from Swedish fund EQT

Ecoener SA

16/06/2021 08:27

** Spanish solar power developer Solarpack  SPK.MC  shares
up 43%, highest in almost 5 months, after a EUR 881 million 
($1.07 billion) takeover bid from Swedish fund EQT  EQTAB.ST 
    ** EQT offered 26.50 euros a share in cash, equivalent to
45% premium over Tuesday's closing price of 18.28 euros
 urn:newsml:reuters.com:*:nL2N2NY0D3
    ** CM Capital Markets says it is positive news for the stock
    ** Share on track for the best day ever
    ** The Spanish peers Solaria  SLRS.MC  up 5%, Grenergy
 GREG.MC  up 7%, Ecoener  ECNER.MC  up 4% and Soltec  SOLPW.MC 
up 4%
    ** EQT shares up 0.3%


($1 = 0.8245 euros)

 ((joanna.jonczyk@tr.com))