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M&A Activity • Jun 12, 2015

News Details

Corporate | 12 June 2015 12:43

Capital Stage AG expands its position in the Italian solar market

DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous

2015-06-12 / 12:43

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Hamburg, 12 June 2015 - Capital Stage, the SDAX-listed solar and wind park
operator based in Hamburg, today signed an agreement to acquire nine
Italian solar parks with a total capacity of 29.1 MWp. The total investment
volume of the current acquisition, including debt, amounts to around EUR
100 million. Existing project financing from Deutsche Bank and UBI Banca is
being retained. By acquiring this portfolio of solar parks, Capital Stage
is significantly expanding its position in the Italian solar market. With
this transaction the company continuous to systematically pursue the
investment process based on its partnership with the German Gothaer
Insurance Group. The acquisition is subject to the usual conditions
precedent.

Eight of the nine Italian solar parks are situated in the Marche region and
another is located in the Apulian region. The solar parks went into
operation between March and August 2011. The average feed-in tariff is
approximately 28.4 cents per kWh. Capital Stage Solar Service GmbH, a
wholly owned subsidiary of Capital Stage AG, will be responsible for the
technical management of the PV parks. Capital Stage expects the portfolio
of nine solar parks to make revenue contributions of approximately EUR 13
million from its first year of full operation.

Felix Goedhart, CEO of Capital Stage AG: 'The acquisition of this
attractive portfolio of solar parks in Italy is a further proof of the
steady and high-quality deal flow in the markets relevant to us. As such,
we already have been able to successfully invest a large part of the
investment funds provided to us by the Gothaer Insurance Group as part of a
strategic partnership from late 2014. '

The nine Italian solar parks are being sold by the Austrian Stumpf Group,
which is operating successfully and world-wide in the areas of
Hightech-Engineering, Smart & Renewable Energy, Real Estate and Technology
Investments. Both companies, Capital Stage and the Stumpf Group, intend to
work together more closely in the future and are currently reviewing
further opportunities for cooperation.

The acquisition of the Italian solar parks forms part of the investment
process defined in the context of the strategic partnership with the
Gothaer Insurance Group. As such, over the last seven months Capital Stage
has been able to successfully invest already more than 70 per cent of the
available funds.

This transaction increases Capital Stage's total power generation portfolio
to 480 MW.

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France, Italy and the UK with a capacity of about 480 MWp, making
it Germany's largest operator of solar parks. Its solar and wind parks
generate attractive returns and continuous revenues, while offering a
moderate level of investment risk.

Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange and in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been listed in the Deutsche Börse selective index SDAX since
March 2014.

For more information, visit www.capitalstage.com

Contact:
Capital Stage AG
Till Giessmann
Head of Investor & Public Relations
Phone: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
e-mail: till.giessmann@capitalstage.com

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2015-06-12 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Capital Stage AG
Große Elbstraße 45
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: info@capitalstage.com
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart

End of News DGAP News-Service

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