Waga Energy: Simplified takeover bid and mandatory delisting

The simplified takeover bid by EQT, via Box BidCo SAS, for the shares of Waga Energy SA is proceeding. The board of directors of Waga Energy has appointed Finexsi, represented by Mr. Olivier Péronnet, as an independent expert to assess the financial terms of the takeover bid, including a possible mandatory delisting. On October 1, 2025, the board recommended that shareholders accept the offer of €21.55 per share, plus a potential additional €2.15 per share.

Following questions from minority shareholders, the expert published a revised report on October 31, 2025, confirming his initial findings. The board of directors reiterated its unanimous support for the takeover bid. The offer is pending approval from the French Financial Markets Authority (AMF).