DGAP-News: Altira AG sells Altira Renewables Management by way of management buyout
(firmenpresse) - DGAP-News: Altira AG / Key word(s): Disposal
Altira AG sells Altira Renewables Management by way of management
buyout
28.01.2013 / 09:59
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++ Altira AG thus ends its involvement in renewable energies
++ Since foundation in 2010, Altira Renewables Management successfully
structured and financed 230 MW with total investment volume of around Euro
500 million
++ Altira AG rapidly implementing previously announced process of focusing
on core business of 'German SME Financing'
Within its strategic realignment,Altira AG (Altira) has, with approval from
its Supervisory Board, sold the operations of Altira Renewables Management
GmbH in the context of a management buyout to the newly founded company
RECAP Renewable Energy Capital Partners GmbH. The parties to the deal have
agreed to maintain confidentiality concerning the price.
Founded in 2010, Altira Renewables Management GmbH structured and financed
more than 230 MW of capacity with a total investment volume of around Euro
500 million in 2011 and 2012. Projects financed included FinowTower, at the
time Europe's largest solar park with a capacity of 85 MW.
Comments David Zimmer, CEO of Altira: 'We would like to thank the
management for working together with us on a basis of trust and wish the
investment team every success for the future.'
With this transaction, Altira AG is cutting its final links with the
renewable energies business. In its capacity as an investment company, it
is thus rapidly implementing the process of focusing on its core business
of 'German SME Financing' already announced at the end of 2012.
Accordingly, the overwhelming majority of the company's investments and
subsidiaries are to be independently positioned, developed further and,
where appropriate, sold.
Contact:
Altira Aktiengesellschaft
Sylvia Faber
Tel: +49 69 719 12 80 0
E-Mail: investor-relations(at)altira-group.de
End of Corporate News
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28.01.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: info(at)altira-group.de
Internet: www.altira-group.de
ISIN: DE0001218063
WKN: 121806
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market
(Entry Standard) in Frankfurt
End of News DGAP News-Service
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199943 28.01.2013
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Unternehmensinformation / Kurzprofil:
Datum: 28.01.2013 - 09:59 Uhr
Sprache: Deutsch
News-ID 223297
Anzahl Zeichen: 3976
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Kategorie:
Business News
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