juwi: Banks and financing partners approve loan agreements

W

The Federal Cartel Office approved the planned investment in mid-November already. The banks and financing partners involved have now approved the new financing concept at juwi AG.

New loan agreements have been signed by more than 40 financial institutions. The agreements have a volume of around Euro 300 million and a four-year term. The juwi Group can now draw on extensive credit lines through to December 2018 and can therefore continue to act as a reliable partner in the energy turnaround. All previous financing partners will continue to accompany the juwi Group in expanding its wind and solar power projects in Germany and abroad in future as well.

This means that the final hurdle preceding the planned capital increase at the project developer has now been successfully taken. Here, MVV Energie will contribute Euro 99.4 million to equity at juwi AG and thereby take over a 50.1 percent stake in the W

Source: IWR Online, 17 Dec 2014