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New Deal


Announced

Completed

innogy Polska took full control of Foton Technik.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Poland

Acquisition

solar power equipment

Completed

Renewable Energy Equipment

Private

Single Bidder

Synopsis

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innogy Polska took full control of Foton Technik, a Polish renewable energy equipment company. The firm acquired a 50,4% in Foton in 2016 and now increased its holding to 100%. Financial terms were not disclosed. "We predict that the solar industry in Poland will continue to grow dynamically. This is clearly indicated by the ever-growing interest of customers in renewable energy sources and the increasing availability of support programs as well as attractive commercial loans offered for this type of investments," says Janusz Moroz, board member innogy Polska.

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