Antin Infrastructure Partners announced on Monday the launch of a takeover bid for Opdenergy, a Spanish renewable energy producer, with the intention of delisting the company.

The investment fund, which specializes in infrastructure, says it plans to offer 5.85 euros per share, a 46% premium on Friday's closing price.

Antin explains that the takeover will enable it to expand its strategic portfolio of renewable energy investments in Europe and North America.

In a press release, the group stresses that the operation also reflects its desire to become a 'champion' of the energy transition.

Opdenergy, which went public last year, develops, builds and operates renewable energy projects and is mainly present on the Spanish, American, Chilean, Italian and Mexican markets.

The offer is expected to be followed by a delisting procedure.

In early morning trading, Opdenergy shares were up 43% on the Madrid Stock Exchange, while Generali was gaining 0.3% in Paris.

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