15.03.2018
BayWa AG DE0005194062
DGAP-Adhoc: BayWa subsidiary acquires majority interest in GroenLeven group
DGAP-Ad-hoc: BayWa AG / Key word(s): Joint Venture
BayWa subsidiary acquires majority interest in GroenLeven group
15-March-2018 / 09:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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BayWa subsidiary acquires majority interest in GroenLeven group
BayWa Aktiengesellschaft
Disclosure of insider information pursuant to Art. 17 MAR of the Market
Abuse Regulation
Munich, 15 March 2018
Today, BayWa r.e. renewable energy GmbH, a wholly-owned subsidiary of BayWa
AG, has entered into agreements with (i) MABO BEHEER B.V., (ii) ONE 2 FIVE
INVEST B.V., (iii) FURAHA HOLDING B.V and (iv) SINNE WENTE B.V, each
established in the Netherlands, for the foundation of a joint-venture
company ("JV") and for the acquisition of 100 % in Trinity Holding B.V.
("Trinity")
by the JV ("Transaction"). Trinity is the holding entity of GroenLeven
group, which was established in 2011 and which is a market leader in
developing large-scale open space solar projects and rooftop-mounted solar
systems in the Netherlands.
BayWa r.e. renewable energy GmbH will be holding 70 % in the JV. The approx.
maximum purchase price for the acquisition of the participation to be
financed by BayWa will amount to EUR 159 mio. The JV will be named "BayWa
r.e. Solar B.V.".
The completion of the Transaction is subject to merger control approvals as
well as other customary closing conditions.
The participation in the JV is a further milestone for BayWa r.e. renewable
energy GmbH with regard to its international growth strategy within the
fields of renewable energies. Through the foundation of the JV, BayWa r.e.
renewable energy GmbH in particular gains access to the Dutch market.
BayWa AG
Management Board
BayWa Aktiengesellschaft, Arabellastraße 4, 81925 Munich, www.baywa.de
WKN 519406 // ISIN DE0005194062; WKN 519400 // ISIN DE0005194005
Contact:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communications/Public
Affairs,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 12-36 80,
e-mail: [email protected]
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15-March-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: BayWa AG
Arabellastraße 4
81925 München
Germany
Phone: 089/ 9222-3691
Fax: 089/ 9212-3680
E-mail: [email protected]
Internet: www.baywa.de
ISIN: DE0005194062, DE0005194005,
WKN: 519406, 519400,
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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664375 15-March-2018 CET/CEST
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