DVV seeks to sell German solar plants builder Ib Vogt - report

The family that owns Ib Vogt GmbH seeks buyers for the German solar developer and contractor, Reuters reported on Tuesday, citing a spokesperson for the company.

The representative has said that Ib Vogt’s owner, DVV, had hired Marathon Capital to help with the process and that select investors have received information packages last month.

According to a source quoted by the news agency, a sale could fetch between EUR 200 million and EUR 500 million (USD 228.6m-571.6m), with bids expected next week. Another informed person has unveiled that Sweden’s EQT, France’s Ardian, Germany’s DWS, Switzerland’s Partners Group and Swiss Life and Canada’s OMERS are all among the interested parties.

Ib Vogt has constructed more than 1.15 GWp of solar photovoltaic (PV) power plants since it was established in 2002. Its pipeline now exceeds 5 GWp and in addition to that, the company operates and maintains over 525 MWp of assets.

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