FDE

Completion of the Acquisition of a Majority Stake in Greenstat ASA, a Leading Green Energy Player in Norway - Seite 2

A strategic acquisition for FDE, rapidly accretive to its shareholders

The acquisition builds on FDE's ongoing expansion into Norway since 2022 and further strengthens its portfolio of low carbon solutions, supporting the Group’s long-term growth strategy and focusing on driving shareholder value.

The transaction consideration amounts to c. EUR 15.5 million, consisting mainly of a EUR 13 million capital increase to finance the pipeline of projects, and providing FDE with a controlling stake in Greenstat of 56.35% of its share capital and voting rights.

The transaction has been entirely paid with existing cash, allowing FDE to maintain its strong funding capacity, alongside the current financing discussions, in order to pursue its various projects, including those of its new subsidiary, Greenstat. The next months will be used to restructure the company by reorganizing the team to deliver the future projects, while significantly reducing its SG&A costs.

This acquisition is fully aligned with FDE's aim of driving sustainable and stronger growth, both through organic and external growth, and underpins the group's mid-term strategic objectives.

FDE will communicate its new growth prospects for FY 2026 during its capital day that will take place on May 30^th 2024.

FDE confirms its FY 2026 objectives of annual revenues of more than €100 million, and an EBITDA above €50 million, combined with over 10 million tons of CO₂eq emissions avoided per annum

Next date:
Presentation of development in Lorraine: March 7^th, 2024 at 4pm (details will provided on FDE’s website)

Reuters code: FDEL.PA

Bloomberg code : FDE.FP

About La Française de l’Énergie (« FDE »)
FDE is a negative carbon footprint energy Group, specialized in the implementation via short circuits, of energy recovery and production sites, allowing the reduction of greenhouse gas emissions. FDE notably supplies regional players with gas, electricity, heat and CO₂, thus replacing imported energy with local, cleaner energy. FDE has strong development potential and aims to become a leading independent player in the energy sector in Europe by Bpifrance.