M&A Activity • Dec 13, 2013
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Corporate | 13 December 2013 14:27
Capital Stage AG: Capital Stage AG acquires solar park portfolio in Italy
Capital Stage AG / Key word(s): Contract
13.12.2013 / 14:27
– Expansion of installed capacity in Italy by 24 per cent
– Equity based transaction with double digit return
– Service undertaken by Capital Stage Solar Service
Hamburg, 13 December 2013 – By acquiring a total of four solar parks, Capital Stage AG, Hamburg, has expanded its installed capacity in the Italian market by a further 5 MWp or 24 per cent to more than 26 MWp. Contracting partner is Interenergia Spa. It was agreed to keep the purchase price confidential.
The parks located in the sunshine-rich regions Marche and southerly adjoining Abruzzo have already been put into operation in 2011. In the context of the transaction it has been agreed, that Capital Stage Solar Service GmbH (Halle) will undertake the technical service and commercial management in future, raising its volume under management to 160 MWp.
Felix Goedhart, CEO of Capital Stage AG: ‘In the context of the capital increase, that has recently been completed successfully, we have already hold out the prospect of using the proceeds promptly for attractive investment opportunities. The location of these parks in Mid-Italy offers optimal climatic conditions for photovoltaic projects. This enables us to generate double-digit returns even on the basis of an all equity financing. With the remaining proceeds we are well prepared for further investments.’
About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in Germany and Northern Italy with a capacity totaling to more than 200 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 an in the regulated market of the Hanseatic Stock Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500).
For further information about the company, please visit www.capitalstage.com
For further information:
Thomas Schnorrenberg
Capital Stage AG
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: [email protected]
Sebastian Bucher
Kirchhoff Consult AG
Tel.: + 49 (0)40 60 91 86-18
Fax: + 49 (0)40 60 91 86-60
E-Mail: [email protected]
End of Corporate News
13.12.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s 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 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 244706 13.12.2013 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.