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M&A Activity • Oct 14, 2021
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M&A Activity
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Ad-hoc | 14 October 2021 12:05
Pacifico Renewables Yield AG: Purchase agreement signed for 14.1 MW solar park in the Netherlands
Pacifico Renewables Yield AG / Key word(s): Acquisition/Strategic Company Decision
Pacifico Renewables Yield AG: Purchase agreement signed for 14.1 MW solar park in the Netherlands
14-Oct-2021 / 12:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Pacifico Renewables Yield AG: Purchase agreement signed for 14.1 MW solar park in the Netherlands
Gruenwald (14.10.2021/12:05) – Today, Pacifico Renewables Yield AG (“Company”, ISIN: DE000A2YN371, Dusseldorf Stock Exchange: PRY) signed a purchase agreement to acquire a 14.1 MW solar park in the Netherlands. The solar park was developed by the Company’s strategic partner, Pacifico Energy Partners GmbH. The solar park is currently under construction and expected to be completed in the first quarter of 2022. The purchase agreement is based on an enterprise value of approximately EUR 14.5 million, including senior project financing. Closing of the transaction is subject to customary closing conditions and is expected to take place in a timely manner.
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Disclaimer
This announcement may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the future business situation, earnings situation, and results of Pacifico Renewables Yield AG (“forward-looking statements”). Forward-looking statements can be identified by words such as “believe”, “estimate”, “anticipate”, “expect”, “intend”, “will”, or “should” and their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the Management Board of Pacifico Renewables Yield AG and involve significant known and unknown risks and uncertainties, therefore actual results, performance and events may differ materially from those expressed or implied by forward-looking statements. Forward-looking statements contained herein should not be construed as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release are only valid on the date of this publication. We will not update the information, forward-looking statements or conclusions contained in this release in light of subsequent events or circumstances, nor will we reflect subsequent events or circumstances or correct inaccuracies that arise after the date of this release as a result of new information, future developments or otherwise, and we do not assume any obligation to do so. We do not assume any responsibility whatsoever that the forward-looking statements or assumptions contained herein will occur.
14-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Pacifico Renewables Yield AG |
| Bavariafilmplatz 7, Gebäude 49 | |
| 82031 Grünwald | |
| Germany | |
| E-mail: | [email protected] |
| Internet: | www.pacifico-renewables.com |
| ISIN: | DE000A2YN371 |
| WKN: | A2YN37 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1240771 |
| End of Announcement | DGAP News Service |