ALTUS sells Pinta Solarpark portfolio to 7C Solarparken
Karlsruhe/ Bayreuth - ALTUS AG of Karlsruhe reports the successful sale of the Pinta solar park portfolio to 7C Solarparken AG, based in Bayreuth and originating from Belgium.
7C Solarparken takes over the portfolio with additional expansion potential from ALTUS AG, which developed the portfolio. It is located near Salzwedel in Saxony-Anhalt and is equipped with REC PV modules and Huawei inverters. The portfolio has been feeding into the grid of Avacon Netz GmbH since September 2017.
ALTUS as a holistic project developer for renewable energies is a wholly owned subsidiary of Kraftwerke Mainz-Wiesbaden AG (KMW), which is part of the Stadtwerkeverbund Mainz-Wiesbaden.
7C Solarparken AG is a listed owner/operator of photovoltaic plants in Germany with a portfolio of over 120 MWp. The Company’s shares are traded on the Frankfurt Stock Exchange (General Standard).
Advisor Altus AG: MAYLAND AG
MAYLAND AG was exclusively mandated with the sales process, says CEO Matthias C. Just (photo). Only strategic investors were approached in a competitive auction. The process was completed within a period of just two months with the sale to 7C Solarparken AG.
About MAYLAND AG
MAYLAND is an independent, owner-managed M&A consultancy based in Düsseldorf. Since its foundation in 1998, MAYLAND has been developing individual solutions for the purchase and sale of companies or parts of companies with owners and management of both medium-sized companies and corporate groups, and has been implementing these transactions together with the decision-makers. MAYLAND also arranges any necessary or required financing or associated restructuring.
MAYLAND provides structured process management for these national and cross-border projects and coordinates all services for a successful completion of the transaction. With analytical excellence, many years of experience and a commitment to partnership, MAYLAND structures transactions in all phases of a company. MAYLAND attaches particular importance to customized and holistic solutions, transparent consulting services and long-term customer relationships based on trust. For more information in German, English, Chinese and Russian, please visit www.mayland.de.