Capital Stage AG / Key word(s): Strategic Company Decision/Agreement
14.11.2014 13:57
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Capital Stage and Gothaer Group agree on long-term strategic partnership
- Gothaer Group provides profit participation rights capital amounting to
150 million Euros
- Capital Stage AG has the potential to double its power production
portfolio
Hamburg, November 14, 2014 - Hamburg based and SDAX-listed solar and wind
park operator Capital Stage and Gothaer Group have agreed on a long-term
strategic partnership.
In the context of the strategic partnership, Gothaer Group will provide
investment capital amounting to a total of 150 million Euros. The funds are
granted to CSG IPP GmbH, a 100 per cent subsidiary of Capital Stage AG, as
profit participation rights capital with a duration of 20 years at standard
market terms. They serve as quasi-equity funds for future acquisitions of
solar parks and will be used on project level with a corresponding leverage
factor. As a result approximately a doubling of the existing power
production portfolio could be achieved. Full investment of the funds will
imply an additional annualized revenues potential for Capital Stage of an
estimated 60 million Euros. This would correspond to an additional earnings
effect on EBITDA level amounting to an estimated 50 million Euros, on EBIT
level of 30 million Euros and with regard to profit before taxes (EBT) for
the group of 10 million Euros. Based on the currently issued number of
shares of Capital Stage AG of 73,669,144 this would result in an additional
profit before taxes per share of around 0.14 Euros. The indicated potential
effects on the results correspond to purely operating profits from the
operation of solar parks and are understood without valutation effects
caused by IFRS.
Capital Stage AG currently operates a portfolio of solar and wind parks in
Germany, France and Italy with a capacity of around 313 MWp. Through the
cooperation with Gothaer Group the company expects a substantial expansion
of the power production capacity. Initial investment opportunities are
already under assessment and shall be realised in the current financial
year 2014.
About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France and Italy with a capacity totalling to around 313 MWp,
making it Germany's largest operator of solar parks. Its solar and wind
parks generate attractive returns and continuous revenues, while offering a
moderate level of investment risk.
Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange an in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been included in the Deutsche Börse selective index SDAX in
March 2014.
Capital Stage AG
Till GieÃmann, Head of Investor & Public Relations
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: till.giessmann@capitalstage.com
14.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Capital Stage AG
GroÃe ElbstraÃe 45
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: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Capital Stage AG: Capital Stage and Gothaer Group agree on long-term strategic partnership
| Source: EQS Group AG