Daldrup & Söhne AG

  • WKN: 783057
  • ISIN: DE0007830572
  • Land: Deutschland

Nachricht vom 05.02.2018 | 15:53

Daldrup & Söhne AG increases share in Landau geothermal power plant to 67 percent

DGAP-News: Daldrup & Söhne AG / Key word(s): Investment/Strategic Company Decision

05.02.2018 / 15:53
The issuer is solely responsible for the content of this announcement.


CORPORATE NEWS

 

Daldrup & Söhne AG increases share in Landau geothermal power plant to 67 percent

- Settlement agreement reached with Pfalzwerke AG

Grünwald / Ascheberg, February 5, 2018 - Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, and it's 75.01 % subsidiary, Geysir Europe GmbH, have concluded a comprehensive settlement agreement with Pfalzwerke AG, Ludwigshafen.

Geysir Europe now holds 90 % of the shares in the power plant and operator company geox GmbH (previously: 40 %). In the group financial statements of Daldrup & Söhne AG, the power plant will be fully consolidated for the financial year 2017. The remaining 10 % of the shares in EnergieSüdwest AG, Landau, remain unchanged. At group level, Daldrup & Söhne AG now holds 67.51 % (previously: 30.0 %) of the shares in the geothermal power plant in Landau.

The conclusion of the settlement agreement is in line with our strategy and thus a further milestone in the further development of the Daldrup Group into a medium-sized independent power producer.

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The majority stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan.
Press & Investor Relations Contact:

Daldrup & Söhne AG
Falk v. Kriegsheim
Phone +49 (0)2593-9593-29
Fax +49 (0)2593-9593-60
Bavariafilmplatz 7 ir@daldrup.eu
82031 Grünwald/Geiselgasteig www.daldrup.eu




Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29
ir@daldrup.eu
www.daldrup.eu

Bavariafilmplatz 7
82031 Grünwald/Geiselgasteig


05.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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