Edisun Power has disclosed further financial terms of its planned merger with Smartenergy Group. The Swiss solar power operator will acquire Smartenergy’s business operations for approximately 440 million Swiss francs.
Financing will be structured through a share issuance. Smartenergy will initially extend a loan to Edisun Power equal to the purchase price, which will then be offset by the issuance of around 2 million new registered shares in Edisun Power. The subscription price for the new shares is set at 218.05 francs each. The capital increase is scheduled to be completed in the coming days.
Edisun Power expects the newly issued shares to begin trading on the SIX Swiss Exchange in the fourth quarter. The previously announced corporate rebranding to Smartenergy AG and relocation of headquarters to Wollerau, canton Schwyz, remain on track for completion by the end of 2026.
The merger plans were first disclosed in the spring, with Edisun Power shareholders approving the transaction at an extraordinary general meeting in late May. The two companies have maintained close operational ties for years, with Edisun Power conducting most of its business activities through Smartenergy Group.
