Elbe BidCo, a holding company controlled by investment funds, vehicles and accounts advised and managed by Kohlberg Kravis Roberts and its affiliates (collectively KKR), has announced its intention to make a voluntary delisting offer for all outstanding shares in Encavis, a German renewable energy platform and independent power producer.

Shareholders will receive E17.50 per Encavis share in cash, which corresponds to the price of the previous voluntary public tender offer that was completed on December 4, 2024.

With the settlement of the previous voluntary tender offer, KKR, Viessmann Generations Group and Abacon Capital formed a consortium and now hold 87.73% of Encavis shares through BidCo.

BidCo and Encavis have entered into an agreement under which Encavis has undertaken to apply for revocation of the admission of Encavis shares to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on the regulated market (Prime Standard) of the Hamburg Stock Exchange before the expiry of the period for acceptance of the delisting offer.

Encavis' Board of Directors and Supervisory Board are fully in favor of the delisting and intend to recommend all shareholders to accept the offer.

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