EQT, via its EQT Transition Infrastructure strategy, has entered into exclusive negotiations with Waga Energy, a company specializing in the production of renewable natural gas from landfill waste, for the proposed acquisition of 54.1 percent of the outstanding shares and 65.9 percent of the voting rights of the company.
The initial price was announced at €21.55 ($25) per share, which may be increased by an earn-out amount of up to €2.15 ($2.5) per share based on the aggregate amount of U.S. federal investment tax credits that could be monetized by Waga Energy in connection with certain projects developed in the United States.
Waga Energy is a French producer of renewable natural gas — biomethane — from landfill gas to substitute fossil natural gas. This solution supports local circular economy projects, contributing to the energy transition. The goal of the transaction is to accelerate Waga Energy’s growth and strengthen its position as a leading global plat
