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Odne has started a review of strategic options for the development of renewable energy projectsWarsaw, 06/23/2022 (ISBnews) – Onde has decided to start a strategic options review process related to the company’s further development of its portfolio of renewable energy projects, the company said.

“During the planned review, various strategic options will be considered, including, in particular, acquiring a strategic or financial partner, entering into a strategic partnership or establishing a joint-venture with a strategic partner, including the potential resale of shares in such projects to a partner and / or acquisition of new issue shares in such projects by the partner. As part of the initiated process of reviewing strategic options, the management board is not considering issuing the company’s shares, ”the release reads.

The review aims to select the most advantageous way to implement the company’s long-term development strategy aimed at creating value for shareholders and strengthening the company’s position as one of the leaders in the renewable energy sector in Poland, while taking into account the current macroeconomic and political conditions affecting the costs and conditions of obtaining external financing, explained .

At the same time, Onde assured that so far no decisions related to the choice of a specific strategic option have been made and it is uncertain whether and when such a decision will be made in the future.

Onde is a leading infrastructure contractor for the renewable energy (RES) sector, in particular wind farms and solar farms in Poland. It also operates in the road and engineering construction sector, implementing investments for road infrastructure in Poland. The company operates within the Erbud Group. Onde made its debut on the WSE in 2021.

(ISBnews)

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