A statement said the deal will give Theolia – which operates 1.27GW of wind assets – “a long-term, majority shareholder that will provide stability in a difficult economic and regulatory environment”.
It will allow the French company to plan for repayment of bonds due in January 2015 and “pursue its development plans”, adds the statement, which also indicated that CEO Fady Khallouf will stay at the top of the company.
The takeover offer by Macquarie European Infrastructure Fund 4 is backed by Theolia’s management, board and four shareholders representing 13.45%
