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Pendant Power launches all-cash offer for remaining PLC shares at EUR 3.08 each

PUBT·08/07/2026 16:55:58
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Pendant Power launches all-cash offer for remaining PLC shares at EUR 3.08 each
  • Pendant Power agreed to buy the remaining PLC shares it does not own, targeting up to 6,873,030 shares, or about 26.47%.
  • The offer price is EUR 3.08 per share.
  • The bid follows Pendant Power’s purchase of 19,087,545 PLC shares from Fraes for EUR 58.79 million, giving it a 73.53% stake.
  • The transaction is aimed at taking PLC private through a delisting from Euronext Milan.
  • Pendant Power is wholly owned by Lizard Renewables, which is controlled by Millhouse (54.6%) and Cofiva (45.4%).


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PLC S.p.A. published the original content used to generate this news brief on August 07, 2026, and is solely responsible for the information contained therein.