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Provider: Reuters Investment Profile
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Provider: GlobalData
$250.00

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Theolia SA Finalizes Breeze Two Energy's Takeover Financed via Loan


Friday, 1 Feb 2013 01:30am EST 

Theolia SA announced that it finalized the takeover of Breeze Two Energy, a German company which holds and operates wind farms for its own account, for a total capacity of 337 MW, of which 311 MW are located in Germany and 26 MW in France. BGE Investment S.a.r.l., a subsidiary wholly owned by Theolia, purchased 70% of Breeze Two Energy's Class C bonds for EUR 35.5 million and the right to indirectly appoint Breeze Two GmbH's Managing Director. This purchase is financed with a EUR 34 million vendor loan due in 2026 and with EUR 1.5 million in cash. 

Company Quote

1.16
-0.01 -0.85%
25 Jul 2014