Air Energy and Eneco have announced that Eneco has acquired a majority shareholding in Air Energy, the third largest wind farm developer in Belgium.
For the acquisition of the majority of the shares Eneco paid € 39,- in cash per share (this price represents a premium of 75.28 % compared to the closing price on 27 March 2008). Eneco will also launch a public take-over offer on the remaining shares of Air Energy and will soon file a draft prospectus and the other relevant documents in this respect with the Banking, Finance and Insurance Commission. Eneco aims at producing in 2012 a minimum of 5 TWh of renewable energy, increasing to 14 TWh in 2020.
