PTA-News: 3U HOLDING AG: 3U acquires decisive stake in Roge wind farm

Friday, 29. November 2019 08:00

Business news for the stock market

Marburg (pta006/29.11.2019/08:00) - 3U HOLDING AG (ISIN: DE0005167902), has acquired more than 40 % of the limited partners' shares in Windpark Roge GmbH & Co. Betriebs-KG and 100 % of the general partner Windpark Roge GmbH, and will also take over the management and operation of the wind farm from the 2020 financial year. The wind farm built in 2000 and 2001 in the district of Rostock (Mecklenburg-Western Pomerania) consists of eight wind turbines with a total capacity of 14.4 MW and its own transformer station. The wind farm produces an average of around 20,000 MWh of climate-friendly electricity per year, equivalent to the annual consumption of 6,700 households. The share purchase agreements stipulate 01.01.2020 as the economic effective date for the transfer of the shares. The transaction amounting to around EUR 1.5 million will lead to full consolidation of the wind farm in the consolidated financial statements of 3U HOLDING AG from the 2020 financial year. 3U HOLDING AG will thus increase its capacity for electricity generation from renewable energies to around 60 MW.

"Our renewable energies segment continues to make a pleasing contribution to the Group's earnings and cash flow," explains Michael Schmidt, CEO of 3U HOLDING AG. "Even in the context of our increasing strategic focus on cloud computing and e-commerce, we are of course completing those acquisition projects in the renewable energies segment that have already been developed over the long term and are economically viable within the Group. And we plan to use the resulting income and value potential in the medium term to finance our strategic projects in the megatrends of cloud computing and e-commerce."

Further information:
Dr. Joachim Fleïng
Investor Relations
3U HOLDING AG
Tel.: +49 6421 999-1200
Fax.: +49 6421 999-1222
E-Mail: IR@3U.net

About 3U:
3U HOLDING AG (www.3U.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market.
3U HOLDING AG's shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).

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emitter: 3U HOLDING AG
address: Frauenbergstraße 31-33, 35039 Marburg
country: Germany
contact person: Dr. Joachim Fleing
phone: +49 6421 999-1200
e-mail: IR@3U.net
website: www.3u.net

ISIN(s): DE0005167902 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin, Tradegate

[ source: http://www.pressetext.com/news/20191129006 ]

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