AI assistant
Daldrup & Söhne AG M&A Activity 2019
4518_rns_2019-05-31_2e58eb57-adfb-41f0-bacf-af76a06561c6.html
M&A Activity
Open in viewerOpens in your device viewer
News Details
Ad-hoc | 31 May 2019 18:33
Daldrup & Söhne AG intends to sell shares in Landau geothermal power plant and Geysir Europe
Daldrup & Söhne AG / Key word(s): Investment/Strategic Company Decision
Daldrup & Söhne AG intends to sell shares in Landau geothermal power plant and Geysir Europe
31-May-2019 / 18:33 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.
Publication of insider information
in accordance with Article 17 MAR
Daldrup & Söhne AG intends to sell shares in Landau geothermal power plant and Geysir Europe
Grünwald / Ascheberg, 31 May 2019 – The drilling technology and geothermal specialist Daldrup & Söhne AG (ISIN DE0007830572) has agreed a binding termsheet with IKAV Group represented by Luxemburger Fonds IKAV Invest S.à r.l. on the acquisition of shares in Geothermiekraftwerk Landau and Geysir Europe GmbH. As a first step IKAV intends to acquire 49.9 percent of the shares in Geox GmbH, the operating company of the Landau geothermal power plant. The agreement also includes the intended acquisition of 48.9 percent of the shares in Geysir Europe GmbH, including the project companies with the exception of Geothermie Neuried GmbH & Co. KG. The total transaction price is expected to be approximately EUR 5.2 million. The closing of the transactions is scheduled for 15 June 2019.
A separate agreement is being sought for the Taufkirchen geothermal power plant.
The sale of the shares is an essential part of the restructuring measures which the Executive Board will implement on the basis of the operating result for the 2018 financial year. Among other things, they serve to reduce the Group’s debt.
Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
IR Manager
Fon +49 (0)2593-9593-29
www.daldrup.eu
Bavariafilmplatz 7
82031 Grünwald/Geiselgasteig
31-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Daldrup & Söhne AG |
| Bavariafilmplatz 7 / Gb. 32 | |
| 82031 Grünwald/Geiselgasteig | |
| Germany | |
| Phone: | +49 (0) 89 / 45 24 37 920 |
| Fax: | – |
| E-mail: | [email protected] |
| Internet: | www.daldrup.eu |
| ISIN: | DE0007830572 |
| WKN: | 783057 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 818079 |
| End of Announcement | DGAP News Service |