Euro2day.gr, July 17, 2008
Athens – Spain’s Iberdrola Renovables SA said it upped its holding of ordinary shares in Greece’s wind energy company C.Rokas SA to 67.95% of total share capital.
Its holding of preferred shares increased to 52.66%, according to an announcement by Rokas to the Athens Stock Exchange.
On July 1, Iberdrola launched a voluntary tender offer for all ordinary and preferred shares of Rokas, at which time it possessed 52.7% of ordinary shares and 47.32% of preferred shares.
The tender offer for ordinary shares was set at 16 euros per share and 11 euros per preferred shares.