PV-Invest GmbH (“PV-Invest”), an established company in the renewable energy sector based in Austria, announces the signing of an agreement with the Liechtenstein Group via Liechtenstein Beteiligungs GmbH (“LB”).
On Wednesday, 10 March 2021, the contracts for LB’s participation in PV-Invest were signed by both parties. The investment will be made through a capital increase/equity injection and through the acquisition shares from the current shareholders. After the transaction, the Liechtenstein Group will hold around 42% of the shares in PV-Invest. The majority of the shares will remain under the control of the managing directors of PV-Invest. The equity injection of around 15 million euros is intended to enable PV-Invest to accelerate its expansion in the currently fast-growing market for the construction and operation of photovoltaic systems.
The closing of the transaction is expected in 3-5months. The completion of the transaction will amongst others be subject to merger control clearance in Austria and North Macedonia.
About Liechtenstein Group
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