DGAP-News 503 0 Kommentare Phoenix Solar photovoltaic power plant in France sold to Obton A/S

DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Disposal
Phoenix Solar photovoltaic power plant in France sold to Obton A/S

03.08.2016 / 17:30
The issuer is solely responsible for the content of this announcement.

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Phoenix Solar photovoltaic power plant in France sold to Obton A/S

- All conditions are met, closing concluded

- Proceeds mainly to be used for redemption of debts

Sulzemoos, August 3, 2016 / Phoenix Solar SAS, Lyon, France, a 100%
subsidiary of Phoenix Solar AG (ISIN DE000A0BVU93), a leading international
photovoltaic system integrator listed on the official market (Prime
Standard) of the Frankfurt Stock Exchange, has sold its Bâtisolaire 3
photovoltaic power plant located in France to the Danish investment firm
Obton A/S, specialized in PV investments in France and Germany.

An agreement to this effect had been signed between the parties on April
26, 2016. After the conditions precedent were now completely met, the
closing of the agreement was concluded on July 28, 2016. The parties agreed
not to disclose any further details of the terms of the transaction. As
Phoenix Solar is not active as an independent power producer, the power
plant was regarded as a non-core asset. The proceeds are to be used mainly
to repay debt.

Built in 2012, Bâtisolaire 3 is a 2.0 MWp array of rooftop systems
installed on top of agricultural buildings in the Auvergne region.

Obton Partner and CFO Andreas D. Duckert said: "The negotiations with
Phoenix Solar and the entire process went very smoothly. The mutual
understanding is excellent. So, if an opportunity for future cooperation
might occur, we shall be pleased to be in touch again."

About Phoenix Solar AG
Phoenix Solar AG, with headquarters in Sulzemoos / Munich, Germany, is an
international photovoltaic systems integrator. The Group develops, plans,
builds and operates large-scale photovoltaic plants. As an EPC contractor
specializing in the design and execution of solar power plants, Phoenix
Solar places special emphasis on the "on-time and on-budget" construction
and delivery of solar power plants, optimized to deliver superior output.
With subsidiaries on three continents, the company has designed and built
some 800 MWp of turnkey systems since its founding. The shares of Phoenix
Solar AG (ISIN DE000A0BVU93) are listed on the official market (Prime
Standard) of the Frankfurt Stock Exchange. www.phoenixsolar-group.com.
About Obton A/S
Obton A/S is an investment company based in Denmark. Solar plants can
provide investors with an attractive return at a relatively low risk. Since
2007, Obton has provided investors with several investment opportunities
based on solar energy and refers to an extensive track record and an
increasing demand for its investment projects. Through its large network in
Scandinavia, Obton A/S represents a considerable number of retail investors
and manages a substantial volume of assets. It positions itself as an
invaluable partner for development and construction companies (EPCs) that
wish to attract capital from northern Europe and as an important ally to
financial institutions that wish to provide debt services to solar plants
for an attractive return.

Contact:
Phoenix Solar AG
Dr. Joachim Fleing
Investor Relations Representative
Tel.: +49 (0)8135 938-315
Fax: +49 (0)8135 938-399
j.fleing@phoenixsolar.de
www.phoenixsolar-group.com

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03.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 4
85254 Sulzemoos
Germany
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt@phoenixsolar.de
Internet: www.phoenixsolar-group.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich (m:access), Stuttgart, Tradegate Exchange

End of News DGAP News Service
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489233 03.08.2016