Edisun Power funds CHF440M Smartenergy takeover via new share issue

What's the deal? Edisun Power is acquiring the business operations of the Smartenergy GroupDealroom has a profile for this one. Try Dealroom → for nearly CHF440 million, and has now set the terms for funding the deal. To finance it, Smartenergy will first grant Edisun a loan equal to the purchase price, which will then be offset against roughly 2 million new registered Edisun shares issued at CHF218.05 each.

Why now? The two companies announced merger plans in the spring, and Edisun Power shareholders approved the tie-up at the end of May. Edisun disclosed the pricing details on Monday, with the capital increase set to be carried out in the coming days.

What's the endgame? The new shares are expected to list on the SIXDealroom has a profile for this one. Try Dealroom → exchange in the fourth quarter. Edisun, a solar plant operator across Europe, will rename itself Smartenergy AGDealroom has a profile for this one. Try Dealroom → and move its headquarters from Zurich to Wollerau in canton Schwyz, changes already approved by the general meeting and due by the end of 2026.

The signal: The two firms have long been intertwined — Edisun says it has handled most of its business through the Smartenergy Group for years. The deal formalises that relationship, folding the operating business into the listed vehicle and giving Smartenergy a controlling stake through the share subscription.

Read more: moneycab.com

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