India, June 6 -- EQT Corp. (EQT), an energy company, announced Friday that it has entered into exclusive negotiations for the proposed acquisition of 54.1% of stake in Waga Energy SA, a French producer of renewable natural gas, also called biomethane.
In Paris, Waga Energy shares were surging around 27 percent to trade at 21.55 euros.
The company noted that the initial Price is 21.55 euros per share, which may be increased by an Earn-Out of up to 2.15 euros per share, subject to customary regulatory approvals, including antitrust and foreign investment clearances.
The proposed stake represents 65.9% of the voting rights of Waga Energy.
The proposed Initial Price of 21.55 euros per share for the Block Acquisition and, as applicable, the ...