The shares were procured through Electricite de France (EDF) subsidiary EDEV EnR Reparties for E31.97 each. EDF commented that the acquisition is in line with the group’s efforts to expand its presence in renewable energies for the home, and added that Supra’s operations will complement the group’s current solar and photovoltaic operations.
Supra manufactures fireplace and wood-burning stoves and markets and sells HVAC units for heating and air treatment for individual homes under brand names including Supra and Richard Le Droff.
EDF said that wood is the leading renewable domestic energy source, and that the acquisition would therefore help the group to keep its commitments to acquire energy savings certificates.
A tender offer for the shares owned by minority shareholders will be filed with the AMF pursuant to applicable laws and regulations. In the meantime, trading in Supra shares will remain suspended.
