Waga Energy: simplified public tender offer project by Box BidCo

On October 2, 2025, Box BidCo SAS filed a draft simplified public tender offer to acquire Waga Energy shares at a price of €21.55 per share. Shareholders participating in the semi-centralized offer procedure could benefit from a maximum price supplement of €2.15 per share, under certain conditions. The offer, which will last 15 trading days, remains subject to the approval of the Autorité des marchés financiers (AMF).

Box BidCo already holds a 56.48% stake in Waga Energy, and the bid aims to acquire the remaining available shares. If successful, a squeeze-out procedure could be implemented to transfer the shares not tendered. EQT Transition Infrastructure, the entity behind Box BidCo, sees Waga Energy as a key player in the renewable natural gas sector.