Waga Energy shares soar on EQT majority stake deal talks

Waga Energy SA

06/06/2025 09:30

** Shares in Waga Energy WAGA.PA soar 27% after Sweden's EQT EQTAB.ST entered into negotiations to buy a majority stake in the French biogas company

** EQT intends to buy about 54.1% of outstanding shares and 65.9% of voting rights in Waga Energy for EUR 21.55; it could be increased by further 2.15 euros

** This represents a premium of 27% to the closing price of June 5

** Waga's board unanimously support EQT's initial proposal

** However, analysts at Portzamparc say the price does not seem to take into account all the qualities and the potential of the company

** The price is below Waga's 2021 IPO one of 23.54 euros while the company has grown meaningfully since, Portzamparc adds

** Shares on track for their best day ever

 (Reporting by Hugo Lhomedet)

 ((Hugo.Lhomedet@thomsonreuters.com;))