PLC says Lizard unit Pendant Power to close 73.5% stake purchase on Aug. 7, 2026

Reuters2026/08/03 21:42

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Pendant Power, a unit of Lizard Renewables, is set to buy Fraes’ 73.525% stake in PLC, totaling 19,087,545 shares.
Closing is scheduled for Aug. 7, 2026, subject to completion of remaining steps under the sale agreement.
Post-closing, Pendant Power plans a mandatory tender offer for the remaining PLC shares at EUR 3.08 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PLC S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0836-10-2026_TELEBORSA.pdf), on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PLC says Lizard unit Pendant Power to close 73.5% stake purchase on Aug. 7, 2026

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