Aktuelles

January 2020

ABO WIND capital increase significantly oversubscribed

Institutional investors have subscribed for 400,000 new shares in ABO Wind AG for 17.10 euros.
The gross proceeds of the significantly 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 capitalization to more than 150 million euros.
“We are pleased about the capital market’s vote of confidence, which additionally supports our good business development”, said CEO 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 and solar parks. ABO Wind is working on new wind and solar parks 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 the energy turnaround, ABO Wind is an ideal fit with the Quest Cleantech Fund,” said Olaf Cörper, Partner and Co-Fund Manager. “We are delighted about the attractive entry opportunity.”
Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, 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, did not participate 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.