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DGAP-News: ABO Wind AG
/ Key word(s): Capital Increase
Institutional investors have subscribed for 400,000 new shares in ABO Wind AG for 17.10 euros. The gross proceeds of the clearly oversubscribed issue amount to more than 6.8 million euros. The number of ABO Wind shares increases to 8,470,893, bringing the current market capitalisation to more than 150 million euros. "We greatly appreciate the capital market's vote of confidence, which additionally supports our good business development," said Managing Director Dr. Jochen Ahn. In view of the growing global demand for climate-friendly and cost-effective renewable energy, there are currently numerous business opportunities for the renowned project developer of wind farms and solar parks. ABO Wind is working on new projects in 16 countries. The majority of the new shares were subscribed by the Quest Cleantech Fund, an equity fund managed by the Belgian investment manager Capricorn Partners. "As a pioneer of renewable energy, ABO Wind is an ideal fit for the Quest Cleantech Fund," said Olaf Cörper, Partner and Co-Fund Manager. "We appreciate this attractive initial investment opportunity." Bankhaus Scheich Wertpapierspezialist AG in Frankfurt/Main has accompanied the successful issue, which increased the free float of the ABO Wind share to 33 percent. The founding families Ahn and Bockholt, who together now hold 57 percent of the shares, and the Frankfurt energy supplier Mainova AG with ten percent were not involved in the capital increase. In the short term, the company is now aiming for inclusion in Xetra trading in order to further improve the attractiveness of the share for investors.
30.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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