For investors: sun and wind working for your portfolio

Voluntary takeover bid to acquire shares of Enefit Green AS

Eesti Energia AS (hereinafter referred to as Eesti Energia) makes a voluntary takeover bid to all shareholders of Enefit Green AS (hereinafter referred to as Enefit Green) in order to bring Enefit Green back 100% into the structure of Eesti Energia and to shape Eesti Energia into an integrated energy group.

Voluntary takeover bid notice »

Voluntary takeover bid prospectus »

The takeover bid is made in accordance with the takeover prospectus and notice approved by the Estonian Financial Supervision and Resolution Authority. Each investor that considers participating in the bid should give its own appraisal to the bid by acquainting him- or herself fully with the notice and the prospectus, by analysing independently the financial position and affairs of Enefit Green AS and its subsidiaries and the offeror’s plans for future activities and if needed by consulting with an expert. This is not a recommendation by either the offeror or any third party for the sale of shares of Enefit Green AS. The takeover bid prospectus and notice have been drawn up and approved in Estonian, however, an unofficial translation into English has also been published.

Sustainable and responsible tomorrow

We wish to become the fastest growing renewable energy company in the region, providing environmentally friendly energy and helping to make the world a cleaner place. This is our way to make a significant contribution to the development of renewable energy in the region and to meeting national climate targets.

2024 unaudited results

€220.9m

Group Operating Income

€114.8m

EBITDA

€70.3m

Net profit

Analyst recommendations and contacts

Company	Analyst	Position	Rating	Target	Date	E-mail	Phone
Erste Group	Petr Bartek	Head Equity Analyst	Accumulate	€3.25	20 December 2024	[email protected]	+420 956 765 227
LHV	Marek Randma	Analyst	Neutral	€2.80	21 November 2024	[email protected]	+372 6 800 400
Nordea	Pasi Väisänen, CEFA	Senior Analyst	Buy	€3.80	3 March 2025	[email protected]	+358 953 005 192
Swedbank	Andrej Rodionov, CFA	Equity Analyst	Neutral	€3.00	18 March 2025	[email protected]	+370 525 82 395

As of 31.12.2023

Shareholder structure

77.2%

Eesti Energia

16.0%

Retail investors

2.7%

Baltic pension funds

1.0%

EBRD

3.1%

Other inst. investors

Contact

Sven Kunsing

Head of Financial Relations

E-mail:

[email protected]

Phone:

+372 51 06 903