ARCHEA Biogas N.V.
ARCHEA Biogas N.V.: ARCHEA Biogastechnologie GmbH and Appletree Management Luxemburg d.o.o. found Archea Biogas d.o.o. in Croatia
ARCHEA Biogas N.V. / Key word(s): Miscellaneous 15.08.2011 / 11:27 --------------------------------------------------------------------- Waalre, 15. August 2011 - ARCHEA Biogas N.V., a full-service supplier of biogas plants, herewith announces that its fully owned subsidiary, ARCHEA Biogastechnologie GmbH, has founded the Croatian ARCHEA Biogas d.o.o. together with Appletree Management Luxemburg d.o.o. in July of this year. Both management boards, Mr Oliver Nacke and Mr Zwonkao Bratusa for Appletree Management Luxemburg d.o.o., signed the limited liability company agreement on 05.07.2011. Meanwhile, the company is registered. Its registered office is in the capital city of Croatia, Zagreb. ARCHEA Biogastechnologie GmbH holds a share of 51% in the new company and takes over the technical part of the company. Until present, Appletree Management Luxemburg d.o.o has developed and implemented several photovoltaic projects in Croatia. Furthermore, the company has excellent contacts and good market knowledge in the field of renewable energies in Croatia. Prior to signature, current projects in Croatia were discussed and preliminary agreements were concluded with several sites. 'Croatia will be the second interesting biogas market in Europe following Italy. Therefore, it is indispensible for us to develop and implement upcoming projects with an experienced partner. Moreover, the feed-in tariff for biogas electricity presently amounts to 19 cent/kWh in Croatia and the profit situation for substrates is significantly higher than in Germany in view of the climatic conditions', concludes Oliver Nacke, chairman of the management board of ARCHEA Biogas N.V., from the positive prerequisites for a commitment in Croatia. After the successful start of the internationalisation of ARCHEA Biogastechnologie thanks to the foundation of subsidiaries in Italy and Brazil, also Croatia is now one of the countries in the focus of ARCHEA. More detailed information about Appletree Management Luxemburg d.o.o. can be found in the internet under www.appletree-management.com. For any further information please contact: ARCHEA Biogas N.V. Unternehmenskommunikation Phone: +49 (0) 5152 / 52571-0 Fax: +49 (0) 5152 / 52571-99 info@archea.de www.archea-biogas.de End of Corporate News --------------------------------------------------------------------- 15.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 135681 15.08.2011
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