Antins Flagship Fund V managed by Antin Infrastructure Partners S.A. made voluntary cash tender offer to acquire Opdenergy Holding, S.A. (BME : OPDE) from Global Portfolio Investments, S. L and others for approximately ?860 million on June 12, 2023. Under the terms, Antin Infrastructure will pay ?5.85 per share in cash. Transaction is conditional on reaching a minimum acceptance level of 75% of shares outstanding. Following a successful closing of the transaction, the Offeror intends to delist Opdenergy from the Spanish stock exchange. The transaction is also subject to customary antitrust and Spanish foreign direct investment approvals as well as the Spanish National Securities Market Commission (CNMV)'s approval. Should acceptances to the offer reach 90% or more of Opdenergy's share capital and voting rights in the terms required by Spanish takeover regulation, a squeeze-out procedure will be implemented to reach 100%. As of October 4, 2023, Global Portfolio Investments agrees to tender 9 million shares it owns in Opdenergy. As of February 20, 2024, The Council of the National Securities Market Commission have approved the transaction. The offer will expire on March 15, 2024.

Nomura Holding America, Inc. acted as a financial advisor to Antin Infrastructure Partners S.A. (ENXTPA:ANTIN). Ernst & Young, S.L. acted as financial due diligence provider to Antin Infrastructure Partners SAS. Linklaters, S.L.P. acted as legal advisor to Opdenergy Holding, S.A.. SG Corporate & Investment Banking acted as financial advisor to Opdenergy Holding, S.A.

Antins Flagship Fund V managed by Antin Infrastructure Partners S.A. completed the acquisition of Opdenergy Holding, S.A. (BME : OPDE) from Global Portfolio Investments, S. L and others on March 21, 2024. Antin, has accepted for a number of 147,438,990 shares, which represent 99.6% of the shares to which the Offer was directed and of the share capital of Opdenergy. Therefore, the Offer has had a positive result, as the number of shares included in the acceptance statements has been higher than the minimum limit set by the Offeror for its effectiveness (minimum limit = 111,025,106 shares). The date of settlement of the Offer and payment of the consideration of the Offer will be two business days after the aforementioned publication, so it is estimated that it will be next Tuesday, March 26, 2024. The trading of Opdenergy?s shares will be suspended as of April 3 after the stock market closes to allow Antins to correctly execute the deal. Antins?s offer of ?5.85 per each Opdenergy share will also apply to the remaining shareholders. The offeror scheduled the squeeze-out transaction for April 15, 2024 and the settlement for April 17, 2024. The Board of Directors has also agreed to appoint Mr Stéphane Julien Ifker as Proprietary Director and also as Chairman of the Board of Directors, Mr Francisco José Cabeza Rodríguez as Proprietary Director and also as Vice-Chairman of the Board of Directors and Mr Aram Sebastien Aharonian, as Proprietary Director, by the co-optation procedure.

Banco Bilbao Vizcaya Argentaria, S.A. (BME:BBVA) acted as financial advisor in the voluntary public tender offer of Opdenergy by Antin Infrastructure Partners.