EiDF’s main shareholders agree to a sale agreement if a binding offer arrives

Prosol Energía and Laurion Financial Enterprisesthe main shareholders of the renewables firm EiDF, have agreed on the procedure to follow in the event that a third party presents a binding offer on the company for an amount equal to or greater than 400 million euros.

Thus, in addition to the transfer in favor of Laurion of the political rights linked to shares owned by Prosol representing approximately 15% of the share capital of EiDF which was provided for in the agreement signed between both on October 24, the parties have signed, on December 4, 2024, an addendum to it.

By virtue of this addendum, in the event that a binding offer to purchase the entire share capital of EiDF for an amount equal to or greater than 400 million is made by a third party, Prosol grants Laurion a ‘right of drag’ (drag-along) by which Laurion may force Prosol to sell all of the EiDF shares it owns within the framework of said offer.

Likewise, it is granted an irrevocable purchase optionin favor of Laurion or the third party indicated by it, of all the EiDF shares of which Prosol is the owner at the same price as that of the binding offer, in the event that Prosol does not sell its shares after the exercise of the drag right.

Covenant

Laurion thus has everything in his hand to negotiate the sale of EiDF, a company he entered to reorganize your debt and part of the assets, and that it considers that it is already in “perfect operation.”

In any case, if an offer arrives for the aforementioned amount, Prosol will have to sell. Clarify, this does not mean that the company is for sale for that price, nor that Laurion wants to place EiDF for that amount, but that it is the minimum agreed with Romero for his departure from the company he founded.

In this way, Laurion, with Jordi Berini at the helm, will face the third of the stages in EiDF. After cleaning up the company and agreeing on the various departures of the majority shareholders, the process of placing the energy company begins.

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