Legal Proceedings Report • May 8, 2015
Legal Proceedings Report
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 8 May 2015 20:09
Capital Stage AG: Capital Stage AG makes binding bid for the acquisition of PROKON Regenerative Energien GmbH (‘PROKON’)
Capital Stage AG / Key word(s): Miscellaneous
08.05.2015 20:09
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Hamburg, 8 May 2015 - Capital Stage, the Hamburg-based operator of solar
parks and wind farms which is listed on the SDAX, tendered a binding offer
for the takeover of 94.9% of PROKON Regenerative Energien GmbH ('PROKON')
via an indirect wholly owned subsidiary. The remaining 5.1% will be taken
over by another investor. Thus Capital Stage is officially taking part in
the tender process for the takeover of PROKON. Further details regardig the
offer will not be disclosed at this stage as agreed with the insolvency
administrator. A decision regarding the investor tender will be taken by
the creditors committee until Mid of May. The assembly of PROKON's
creditors will then decide beginning of July whether the selected investor
tender will be accepted or the alternative solution
("Genossenschaftsmodell"), which has been prepared by the insolency
administrator, will be favoured. Against this background, no predictions
can be made at this stage regarding the success of the bid made by Capital
Stage AG.
Information and Explaination of the Issuer to this News:
Capital Stage believes that the potential takeover of PROKON will be a
logical addition to its business model. PROKON operates a portfolio of wind
farms with a total capacity of 529 MW and fixed feed-in tariffs. 461 MW,
thus by far the biggest portion of these wind farms, is located in Germany.
In addition, Prokon operates a dedicated O&M Department for the technical
and commercial management of these wind farms. Prokon thus has a
positioning in the wind sector which is similar to Capital Stage AG's
positioning in the solar sector.
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 450 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: [email protected]
08.05.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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: [email protected]
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 Announcement DGAP News-Service
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.