Germany: Daldrup & Söhne AG Sells Taufkirchen and Landau Geothermal Power Plants

Daldrup & Söhne AG sells remaining shares in Geysir Europe including the geothermal power plants to IKAV Group (News Release)

Drilling technology and geothermal energy specialist Daldrup & Söhne AG  today signed a contract with IKAV Invest S.à.r.l., Luxembourg, for the sale of the remaining shares (48.944 %) in Geysir Europe GmbH. The agreement includes the sale of the Taufkirchen and Landau power plants.

On 12 July 2019, IKAV had already acquired 48.9% of the shares in Geysir Europe GmbH and 1.0% of the shares in geox GmbH (see Global Geothermal News of 19 July 2019). The project company Geothermie Neuried GmbH & Co. KG remains within the Daldrup Group for the purpose of further development.

Read More..........

From the Global Geothermal News archives:

• Friday, July 19, 2019 - Germany: Daldrup & Söhne AG Contracts with Private Equity Investor to Raise Funds
• Thursday, June 6, 2019 - Germany: Daldrup & Söhne AG to Concentrate More on Geothermal Drilling Services
• Monday, June 3, 2019 - Germany: Shares in Landau Geothermal Power Plant to be Sold
• Friday, January 18, 2019 - Germany: Geysir Europe GmbH Increases Share in Landau Geothermal Power Plant
• Wednesday, December 11, 2013 - Germany: Daldrup & Söhne AG Acquires Majority Stake in Landau Power Plant