Corporate | 19 June 2007 09:40
EnviTec Biogas GmbH / IPO Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Lohne, Germany, June 19, 2007 – EnviTec Biogas GmbH, headquartered in Lohne in the German state of Lower Saxony, today announced that it plans to go public in July 2007. The company intends to be listed in the Prime Standard segment of the Official Market on the Frankfurt Stock Exchange. The majority of shares to be offered will result from a capital increase. Additional shares will be provided by the company's founders. Reorganization into a stock corporation is scheduled for June 2007. Dresdner Kleinwort will act as lead manager and sole bookrunner for the IPO. The proceeds from the IPO will be used to finance the company's further growth. EnviTec intends to step up the construction of biogas plants especially outside of Germany and to self-operate more proprietary biogas plants together with partners in other countries. Already today, EnviTec is represented through its own subsidiaries, joint ventures, or sales offices in the Netherlands, Belgium, Italy, Hungary, the Czech Republic, the Ukraine and India. In Croatia and Romania, the company is already in the process of planning and constructing biogas plants. EnviTec also intends to increase its R&D investments, with a focus on processing of fermentation waste, gasification of solids, and upgrading of biogas to natural gas quality. An additional focus will be on the enhancement of a process that converts heat resulting from the generation of biogas into electricity. Olaf von Lehmden, founding shareholder, managing director and future CEO of EnviTec, comments: 'We want to use the funds we are entrusted with to further expand our strong market position as an integrated provider and operator of biogas plants in Europe.' With a total installed electrical connected load of approx. 61.9 megawatts (MWel.) at the end of 2006, EnviTec is the leading provider of biogas plants in Europe. The German company covers the entire value chain for the production of biogas - including the planning and turnkey construction of biogas plants as well as their commissioning. The company provides the biological and technical service and also offers the full plant and operating management. In addition, EnviTec also operates its own biogas plants. The biogas plants constructed and managed by EnviTec in 2006 had an average capacity utilization of more than 90 percent following the start-up phase. In Penkun, in the German state of Mecklenburg-Western Pomerania, EnviTec is currently constructing what it believes to be the world's largest biogas park with an electrical connected load of 20 MWel. In the 2006 financial year, the EnviTec Group generated revenues of EUR 100.7 million (2005: EUR 40.8 million) and EBIT of EUR 18.5 million (2005: EUR 5.5 million). The Group currently has about 240 employees. Disclaimer: This publication constitutes neither an offer to sell nor an invitation to buy securities. No offer or sale of transferable securities is being, or will be, made to the public outside Germany. The offer in Germany will be made exclusively by means of and on the basis of a prospectus that will be published, and will be available at EnviTec Biogas AG, Industriering 10a, 49393 Lohne, and from Dresdner Bank Aktiengesellschaft, Jürgen-Ponto-Platz 1, 60301 Frankfurt am Main. The prospectus is expected to be available free of charge as of a point in time to be determined later. Grit Pauli HOSCHKE & CONSORTEN Public Relations GmbH Tel: +49 40 36 90 50-31 E-Mail: g.pauli@hoschke.de DGAP 19.06.2007 ----------------------------------------------------------------------