DGAP-News: BR-Energy PLC / Key word(s): Merger/Alliance BR-Energy PLC: Acquisition of initially 25% in Hayat Enerji AS, Istanbul 18.10.2012 / 14:05 --------------------------------------------------------------------- BR-Energy PLC: Acquisition of initially 25% in Hayat Enerji AS, Istanbul London/Frankfurt/Istanbul, October 18, 2012: BR-Energy PLC is a British Holding focussing on acquisitions in the field of renewable energy and environmental technology. Initially, BR-Energy PLC was able to acquire a 25%-stake in Hayat Enerji AS (www.hayat-enerji.com) Istanbul. 'BR-Energy PLC is a financing platform to be used by our Turkish partners for the expansion and positioning of their businesses in Turkey,' explains Konstantin v. Reden-Luetcken, director of BR-Energy PLC and president of ORIENT Strategies AG, one of the major shareholders of BR-Energy PLC. ORIENT Strategies PLC has it's own strategic focus on Turkey and plans to open it's own representation office in Istanbul parallel to supporting and executing the business of BR-Energy PLC. Hayat Enerji AS, the first shareholding of BR-Energy PLC positions itself to participate in the expected growth of the Turkish market for renewable energy. It initially plans to build two facilities for generating power with the help of biogas and solar energy. Further, it is planned to build a production facility for solar modules. At the present, the production capacity for solar technology in Turkey is limited. From 2014 on technology 'Made in Turkey' will be subsidized with up to USD 0,24 per KW. 'We intend to be set up and ready to deliver when the Turkish market is being opened for large solar energy facilities with a capacity of 500 MW and more,' explains Konstantin v. Reden-Lütcken, also member of the supervisory board of Hayat Enerji AS, 'up till now, the Turkish government is reluctant to subsidize larger facilities. This will change in 2014.' BR-Energy PLC already is in negotiations to acquire further participations in the field of renewable energy. About BR-Energy PLC BR-Energy PLC is a holding focussing on companies in the field of renewable energy and environmental technology. It is the aim of BR-Energy PLC to act as a financing tool for it's partners and subsidiaries to generate capital for their projects and strategic expansion. One of the major shareholders of BR-Energy PLC is ORIENT Strategies AG, Switzerland, holding 49%. Contact Company: 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@br-energy.com web: www.br-energy.com Contact Press: ORIENT Strategies AG Spisergasse 26 CH-9004 St. Gallen phone: +41 43 508 22 15 mail: info@orient.ag internet: www.orient.ag End of Corporate News --------------------------------------------------------------------- 18.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 189274 18.10.2012
DGAP-News: BR-Energy PLC: Acquisition of initially 25% in Hayat Enerji AS, Istanbul
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