Heuking Kühn Lüer Wojtek advised 7C Solarparken AG on a capital increase with an issue volume of €15.2m.
The solar power plant operator intends to use the proceeds to finance its 2018-2020 strategic plan, which provides for increasing the group’s portfolio to 220 MWp by the end of 2020. The 5,339,408 new shares were placed with institutional investors in Germany and other European countries at a price of EUR 2.85 per share.
7C Solarparken AG is the owner and operator of solar power plants, focusing on the German solar market. 7C Solarparken has sites in Bayreuth and in Mechelen, Belgium. The company’s main activities are the acquisition and operation of photovoltaic plants that are optimized on an ongoing basis.
The Heuking Kühn Lüer Wojtek team was led by Partner Dr. Thorsten Kuthe (Picture), supported by Christopher Görtz and Dr. Gero Lingen (both Capital Markets).
Law Firms: Heuking Kühn Lüer Wojtek;
Clients: 7C Solarparken AG;