ENCAVIS AG
Capital Stage AG successfully completes its takeover of CHORUS Clean Energy AG
DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Squeeze Out Capital Stage AG successfully completes its takeover of CHORUS Clean Energy AG
Hamburg, 25 August 2017 – The SDAX-listed Hamburg-based solar and wind park operator Capital Stage by now holds all of the shares of CHORUS Clean Energy AG (ISIN DE000A12UL56 / ISIN DE000A2BPKL6). The transfer resolution passed at the general meeting of CHORUS Clean Energy AG on 22 June 2017, whereby the shares of the minority shareholders are transferred to Capital Stage AG in exchange for a reasonable cash settlement of EUR 11.92 per share, was entered into the commercial register on August 24, 2017, and as such has become effective. As a result, Capital Stage AG has successfully completed its takeover of CHORUS Clean Energy AG on schedule. The shares of CHORUS Clean Energy AG will shortly be officially delisted from the General Standard segment of Deutsche Börse. ‘Within less than one year and three months we have successfully completed the takeover of CHORUS on schedule’, comments Dr Christoph Husmann, CFO of Capital Stage AG. The Capital Stage Group is now one of the largest independent electricity providers in the field of renewable energy in Europe. ‘Increasing our earnings forecast for the 2017 financial year yesterday has demonstrated our joint strength’, continues Dr Husmann. ‘In future, CHORUS will focus exclusively on the asset management, that is the acquisition and operation of solar and wind parks for institutional investors, while Capital Stage will be responsible for the business activities relating to the own parks. Through this we will become even more efficient in our processes and cost structures’, emphasizes Dr Husmann. According to the new guidance for the 2017 financial year, the Management Board now expects revenue greater than EUR 215 million (previously EUR 200 million), operating EBITDA in excess of EUR 160 million (previously EUR 150 million), operating EBIT should come in at over EUR 97 million (previously EUR 90 million) and a cash flow from operating activities in excess of EUR 150 million (previously EUR 140 million). The key operating figures are based solely on the company’s operating profitability and do not take any IFRS-related valuation effects into account. CHORUS Clean Energy AG has been fully consolidated in the preliminary earnings and expected earnings. About Capital Stage AG: Capital Stage invests in and operates solar and wind parks in Germany, Denmark, Finland, France, the United Kingdom, Italy, Austria and Sweden. Including solar and wind parks acquired and operated as part of the asset management business for third parties, the company’s generation capacity totals almost 1.3 gigawatts. This makes Capital Stage one of Europe’s leading independent solar and wind park operators. With its solar and wind parks, the company generates attractive yields as well as continuous and predictable income. The Capital Stage AG share is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on the regulated market of the Hamburg stock exchange (ISIN: DE0006095003 / WKN: 609500). Since 2014, the Capital Stage AG share has been included in the SDAX index of Deutsche Börse. You can find further information on the company at www.capitalstage.com. Contact: Capital Stage AG Till Gießmann Head of Investor and Public Relations Tel.: +49 (0)40 378 562 242 Fax: +49 (0)40 378 562 129 Email: till.giessmann@capitalstage.com http://www.capitalstage.com
25.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Capital Stage AG |
Große Elbstraße 59 | |
22767 Hamburg | |
Germany | |
Phone: | +49 4037 85 62 -0 |
Fax: | +49 4037 85 62 -129 |
E-mail: | info@capitalstage.com |
Internet: | www.capitalstage.com |
ISIN: | DE0006095003 |
WKN: | 609500 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |
Aktuelle News
Aktuelle Berichte
Anstehende Events
Events Funktionen
Weitere Funktionen
Webcasts
Keine Webcasts gefunden