DGAP-News: BR-Energy PLC: Investment Group - Energy Solutions Ltd. - acquires 60% in BR-Energy PLC - Substitution of Management
(firmenpresse) - DGAP-News: BR-Energy PLC / Key word(s): Investment/Mergers&Acquisitions
BR-Energy PLC: Investment Group - Energy Solutions Ltd. - acquires 60%
in BR-Energy PLC - Substitution of Management
24.09.2013 / 11:59
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BR-Energy PLC - Investment Group - Energy Solutions Ltd. - acquires 60% in
BR-Energy PLC - Substitution of Management
Hamilton/London, September 24, 2013: BR-Energy PLC today announces the
execution of an agreement with which Energy Solutions Ltd., Hamilton,
Bermuda, acquires 60% in BR-Energy PLC.
The take over of the majority in the GXG-listed BR-Energy PLC was executed
on September 16, 2013. The purchase price is EUR 7.2 Mio. The price was
paid in shares of Energy Solutions Ltd.
'With the purchase of the majority in BR-Energy PLC, Energy Solutions Ltd.
wanted to acquire an indirect shareholding in CW Enerji / Hayat Enerji AS,
Turkey, two fast growing companies. CW Enerji and Hayat Enerji AS have
established themselves as reliable partners for photovoltaik projects for
customers in Europa and Asia. BR-Energy PLC now has a new strong partner,
which makes me comfortable to give up my position as director of BR-Energy
PLC.' says Konstantin v. Reden-Lütcken, CEO of BR-Energy PLC.
Following the acquisition of the majority in BR-Energy PLC the present
director of BR-Energy PLC stepped down as requested by Energy Solutions
Ltd. and the new director, Matthew J. Gardiner, also CEO of Energy
Solutiongs Ltd. was appointed and registered.
Hayat Enerji AS with it's further subsidiary CW Enerji Ltd. is in a good
position to stabilize and expand it's 12% share in the Turkish market for
Photovoltaic. The estimated revenues for 2013 have been met. Particularly
the trading of photovoltaic solar modules with European companies could be
increased. But also the off-grid solar-energy solutions offered by CW
Enerji Ltd. are being strongly requested by customers from countries
without a strong electricity infrastructure.
Energy Solutions Ltd. within the next couple of years aims to acquire a
portfolio of shareholderins in companies, which are active in the area of
renewable energies. BR-Energy PLC is part of this strategy. Matthew J.
Gardiner, CEO Energy Solutions Ltd. and newly appointed director of
BR-Energy PLC 'Our market is Europe, Asia and Latin America. The European
Energy Market is presently fundamentally changing. Political measurements
impact on the business of established market players. This enables Energy
Solutions Ltd. to acquire shareholdings in established companies at good
conditions. It is Energy Solutions's aim to primarily invest in markets
with growth potential. We hope to being able to with the technology offered
by CW Enerji Ltd. build synnergies within other markets.'
Due to the difficult circumstances for established companies in Europe,
Energy Solutions Ltd. aims to play a role in the development of the
European Energy Systems and to establish itself as intelligent and reliable
partner. Energy Solutions Ltd. hopes to being able to surprise it's
investors with a whide range of products and services relating the
renewable energies in the future.
About BR-Energy PLC
BR-Energy PLC is a British holding company focussing on acquiering
shareholdings in companies active in the field of renewable energies and
environmental technology. BR-Energy PLC offers its partners and
shareholdings a capital market oriented platform to acquire capital for
their projects and strategic devleopment in the field of renewable energies
and invironmental technology.
Contact BR-Energy:
BR-Energy PLC?1St. Floor Office, Whateleys Drive?Kenilworth CV82GY,
England
Phone: +44 20 358 22 446?Fax: +44 20 313 75 287
mail: info(at)br-energy.com?web: www.br-energy.com
End of Corporate News
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Datum: 24.09.2013 - 11:59 Uhr
Sprache: Deutsch
News-ID 299436
Anzahl Zeichen: 3863
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