Kibo Energy acquires 36 renewable energy projects for 400 million euros

Kibo Energy PLC recently signed a binding agreement with Swiss company ESGTI AG to acquire a diversified portfolio of renewable energy projects, including wind, solar and agri-photovoltaic initiatives.
The transaction, valued at 400 million euros, aims to achieve a production capacity of 20 GW within six years.
The structure of this acquisition is referred to as a “Reverse Takeover” (RTO), due to the size of the transaction in relation to Kibo’s current market capitalization of £1.7 million.
This type of transaction is often used by companies looking to grow rapidly by integrating significant assets.
The acquisition includes 36 projects under development in 15 countries, ranging from the initial phase to construction.
As part of this transaction, Kibo will increase its share capital and consolidate its shares at a ratio of 1:5,000.
In addition, an additional fundraising of 30 million euros is planned to support this transaction, raising questions about the interest of institutional investors and the viability of this fundraising.