ABO Wind: Successful financing round

ABO Wind announced a capital increase two weeks ago, and the financing round has now ended. All 550,000 new shares could be issued. The capital increase was oversubscribed 2.3 times. The papers went to around 30 institutional investors.

The shares were issued at EUR 29.50. That is the lower end of the previously communicated range of EUR 29.50 to EUR 31.00. The issue brings a gross amount of 16.2 million euros to the ABO Wind fund.

ABO Wind intends to use the fresh money to set up major international turnkey projects.

The two founding families, Ahn and Bockholt, will in future hold 52 percent of ABO Wind, up from 55 percent. At the same time, board member Matthias Bockholt makes it clear: “ABO Wind will remain permanently owner-managed.”

The capital increase strengthens the balance sheet equity. Bockholt says: “This increases our ability to pre-finance construction phases and to bring even very large wind and solar parks to the grid on a turnkey basis.”

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