Daldrup & Söhne AG, drilling technology and geothermal specialist, and it's 75.01% subsidiary, Geysir Europe GmbH, have concluded a comprehensive settlement agreement with Pfalzwerke AG, Ludwigshafen.
Geysir Europe now holds 90% of the shares in the power plant and operator company geox GmbH (previously: 40%). In the group financial statements of Daldrup & Söhne AG, the power plant will be fully consolidated for the financial year 2017. The remaining 10% of the shares in EnergieSüdwest AG, Landau, remain unchanged. At group level, Daldrup & Söhne AG now holds 67.51% (previously: 30.0%) of the shares in the geothermal power plant in Landau.
From the Global Geothermal News archives:
- Wednesday, August 30, 2017 - Germany: Updates on Taufkirchen and Landau Geothermal Power Plants
- Wednesday, December 11, 2013 - Germany: Daldrup & Söhne AG Acquires Majority Stake in Landau Power Plant
