EQS-News

Calvert International AG: CALVERT INTERNATIONAL REPORTS SIGNIFICANTLY INCREASED PROFITABILITY IN FIRST HALF OF 2023, ATTRACTIVE VALUE ACCRETION IN NEW BUSINESS MODEL - Seite 2

 

OUTLOOK: ATTRACTIVE GROWTH & VALUE ACCRETION IN THE NEW INVESTMENT HOLDING BUSINESS MODEL.

 

For the second half of 2023 and 2024, CIAG management expects further strong consolidation moves in its business model realignment towards an African energy holding, mainly through anorganic growth in the form of M&A transactions. NJ Martin Ayuk, CEO of CIAG comments: “We currently have a strong deal pipeline of highly interesting investments with a strong presence in the African hydrogen and off-grid solar markets, serving as ideal building blocks for us to continuously form a strong energy holding, listed in Germany and active across Africa. CIAG welcomes investors to participate in the African energy growth story. In the second half of 2023, we aim to announce significant M&A deals to our shareholders and the investor community to solidify our vision of being an energy gateway to Africa for interested investors.”

 

SERVICE

 

The Annual General Meeting will be held in Frankfurt on 04 September 2023.

On the same day, the Executive Board will present the new business model to potential investors and analysts at the Equityforum autumn conference, which will take place on 04 and 05 September in Frankfurt.

 

 

 

ABOUT CIAG.

 

Calvert International AG (CIAG), ISIN DE000A2YN5X9, is an investment holding company focused on the African energy sector and headquartered in Frankfurt am Main. CIAG's shares are listed on the Duesseldorf Stock Exchange. CIAG currently operates as the management holding company of its subsidiaries Centurion Law Group in South Africa and Mauritius, providing mainly growth capital, management services and strategic advice to its subsidiaries. Centurion Law Group provides comprehensive professional services, in particular legal advice in all African jurisdictions around market entry and pan-African expansion strategies for private and public sector companies, with a focus on the African energy sector.