Enkraft increases pressure on ABO Energy amid contested sale process
Activist fund Enkraft demands governance guarantees as ABO Energy’s founding families prepare a change of control, under an open market listing and KGaA structure that offers limited protection to minority shareholders.
| Countries | Allemagne |
|---|---|
| Companies | Enkraft Capital, Mainova AG, KfW, Bankhaus Metzler, ABO Energy |
| Sector | Énergie Solaire, Énergie Biomasse, Énergie Éolienne |
| Theme | Risques & Événements |
German activist fund Enkraft Capital, holding more than 4% of ABO Energy GmbH & Co. KGaA, has sent a formal letter to the renewable energy developer’s management requesting a clearly governed sale process, currently led by the founding shareholders. The company is listed on open markets such as Xetra and m:access, which are outside the scope of Germany’s Securities Acquisition and Takeover Act (WpÜG), meaning no mandatory takeover bid is required.
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