French renewables firm Albioma confirms takeover deal with KKR

div classBodysc17zpet90 cdBBJodivpReuters – U.S. buyout firm KKR has reached a deal to buy French renewables energy company Albioma for 50 euros 52 per share plus an 84 cent cash dividend, Albioma said in a statement on Thursday.p

pAlbioma said tender offer represents a nearly 52 premium to its March 7 closing price, before shares leapt on a media report that KKR was in the early stages of discussing a bid.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pThe group said that stateowned bank and shareholder Bpifrance would be investing alongside KKR, which would preserve the groups jobs and corporate identity.p

pKKR should file a tender offer document with the French markets regulator by midMay, it said.p

p1 0.9531 eurosp

p

pp Reporting by Sarah Morland Editing by Jacqueline Wongp

divdivdiv classBodysc17zpet90 cdBBJodivdivdiv