Ellevio AB (publ) made a tender offer to acquire Dala Energi AB (publ) (OM:DE) from Antap Capital AB and others for SEK 2.2 billion on April 2, 2024. Ellevio offers SEK 90 in cash for each share in Dala Energi. The deal will be financed from Ellevio AB (publ) capital contribution.

The acceptance period in the Offer is expected to commence on April 5, 2024, and end on June 28, 2024. Completion of the Offer is conditional upon i) the Offer being accepted to such extent that Ellevio becomes the owner of shares representing more than 90% of the total number of outstanding shares in Dala Energi, ii) receipt of all necessary regulatory, governmental or similar clearances, approvals, decisions and other actions from authorities or similar, including from competition authorities and authorities for foreign direct investments (FDI). The board of directors of Dala Energi has appointed an independent bid committee which will evaluate the Offer and has announced that it intends to engage an independent external advisor to issue a so-called fairness opinion.

ICECAPITAL acted as a financial advisor and Vinge acted as a legal advisor to Ellevio.