(Reuters) – Elbe BidCo AG, controlled by private equity firm KKR, said on Friday it has signed a delisting agreement with German wind and solar park operator Encavis.
Applications for the revocation of the respective admission of the Encavis shares to the regulated market are to be submitted, the company said in a statement.
Elbe BidCo, which currently holds about 87.73% of Encavis shares, offers 17.50 euros ($18.50) in cash for each Encavis share.
The delisting offer will not be subject to completion conditions, the company said.
($1 = 0.9457 euros)
(Reporting by Amir Orusov, Editing by Miranda Murray)
