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Monday, February 5, 2018

Germany: Daldrup & Söhne AG Gains Majority Share in Landau Geothermal Power Plant

Daldrup & Söhne AG increases share in Landau geothermal power plant to 67 percent (News Release)

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.


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