EQT Transition Infrastructure seeks 54% of Waga Energy

In France, EQT Transition Infrastructure strategy has entered into exclusive negotiations for the proposed acquisition of 54.1% of the share capital, representing 65.9% of the voting rights on a fully diluted basis of Waga Energy SA from Mathieu Lefebvre, Guénaël Prince, Nicolas Paget and Holweb SAS 2 (the “Founders”) and historical shareholders Starquest Capital, Tertium, Noria, SWEN Impact Fund for Transition and ALIAD at the Initial Price of 21.55 euros per share, as may be increased by an Earn-Out of up to 2.15 euros per share, subject to customary regulatory approvals, including antitrust and foreign investment clearances.