Fidim Srl made an offer to acquire Athena Investments A/S (CPSE:ATHENA) from SDP RAIF – Genesis, a fund managed by GWM Renewable Energy II S.p.A. and others for approximately DKK 380 million on October 15, 2020. Under the terms of transaction, offer price will be DKK 3.7 per share.. Fidim will publish an offer document following the final approval of the offer document by the Danish Financial Supervisory Authority and no later than four weeks after this announcement. On October 19, 2020, Athena Investments A/S received a voluntary public offer from Fidim and approved by the Danish Financial Supervisory Authority. The Offer is subject to no distributions to shareholders or conclusion of any material agreements with related parties and If the Fidim waives this condition to completion, the Fidim reserves the right to reduce the offer price to be paid pursuant to the offer by the amount of such dividend or other distribution per Share on a DKK for-DKK basis. The offer is subject to certain conditions that the Fidim on expiry of the offer period owning or having received valid and binding acceptance from shareholders with respect to shares representing in aggregate more than 90% of the share capital and voting rights of the Athena Investments, Athena Investments does not issue any or authorize the issuance of warrants, options, convertible loans or other instruments directly or indirectly convertible nto, in lieu of or in substitution for, shares in the Company and that no Subsidiaries will issue (or agree to issue) such securities. Fidim intends to effect a compulsory redemption of the remaining shareholders, if any, of the company after completion of the Offer. Fidim also plans to delist Athena's shares from Nasdaq Copenhagen after completion of the offer. The Board of Directors has unanimously decided to recommend the Shareholders to accept the Offer. The transaction is expected to close on November 25, 2020. On November 6, 2020, FIDIM completed the acquisition of 31.04 million shares of Athena Investments A/S. On December 14, 2020, Fidim has received valid acceptances of the conditional voluntary public offer from the shareholders of Athena Investments A/S for 65.29 million shares. Post settlement, Fidim will hold 96.58 million shares of Athena Investments A/S representing 90.55% stake. The offer is expected to settle on December 16, 2020. Fidim will try to secure any remaining minority holdings as soon as possible. All condition of the offer are fulfilled. UniCredit S.p.A. (BIT:UCG) acted as financial advisor and Mannheimer Swartling Advokatbyrå AB acted as legal advisor to Athena investments A/s. Fidim Srl completed the acquisition of 95.2% stake in Athena Investments A/S (CPSE:ATHENA) from SDP RAIF – Genesis, a fund managed by GWM Renewable Energy II S.p.A. and others from DKK 360 million on December 23, 2020.