DGAP-News: Altira Group joins with German institutional investors to launch a solar infrastructure fund ++ Initial closing successfully completed with EUR 77.5 million in equity
(firmenpresse) - Altira AG / Key word(s): Miscellaneous
16.11.2010 08:37
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++ Altira Group joins with German institutional investors to launch a solar
infrastructure fund
++ Initial closing successfully completed with EUR 77.5 million in equity;
final closing with maximum fund volume of EUR 100 million in equity
planned for December 2010
++ Altira Group combines specialised expertise in renewable energies with
reliable institutional infrastructure
The Altira Group has joined with German institutional investors to launch a
solar infrastructure fund. The receipt of EUR 77.5 million in equity
subscription commitments enabled the Altira Group to successfully complete
the initial closing in early November. Final closing with a maximum fund
volume of EUR 100 million in equity is planned for December 2010.
The fund is designed for institutional investors and is developing a
geographically diversified portfolio of photovoltaic systems in Germany and
other European countries.
Michael Rieder, CEO of the Altira Group: 'The great interest in the fund is
evidence of the trend towards infrastructure investments for institutional
investors in Germany. The distribution profile is highly predictable over
the long term, making the fund an attractive investment, particularly in
terms of efficient asset liability management. Detailed discussions with
investors during the initial design stage allowed us to tailor the product
precisely to their needs. Our investors are particularly appreciative of
the fact that we can provide them with the benefits of a specialised
boutique on the one hand, while also offering institutional infrastructure
that satisfies the highest standards in terms of reliability, transparency
and service on the other hand.'
++ The Altira Group
The Altira Group is an owner-managed, exchange-listed asset management
company focusing on alternative investment strategies for institutional as
well as private investors. In that area, it concentrates on both
established as well as newly-developing, forward-looking growth markets in
connection with its core areas of focus
__ German 'Mittelstand'&Restructurings
__ Renewable Energies&Natural Resources
__ Africa
Contact:
Altira Aktiengesellschaft
Olaf Meier
Head of Investor Relations
Phone: +49 69 719 12 80 123
E-Mail: olaf.meier(at)altira-group.de
16.11.2010 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
Deutschland
Phone: +49 (0)69 719 12 80 - 00
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; Entry Standard
in Frankfurt
End of Announcement DGAP News-Service
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Datum: 16.11.2010 - 08:37 Uhr
Sprache: Deutsch
News-ID 32635
Anzahl Zeichen: 0
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Kategorie:
Business News
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