Hussar, an Austrian investment company, and Agrina, a Cypriot investment company, acquire two operational 10 MW PV plants and two projects under development in Hungary from the Hollerbach Group, a German construction company with project development capabilities.
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About the Seller – Hollerbach Group
Hollerbach-Group (“Hollerbach”), a family-owned group focused on construction and industrial design solutions, employs approximately 500 people. Hollerbach is active throughout Germany as a construction company in the field of solid, timber and steel construction and develops and realises construction projects in the field of commercial buildings, industrial buildings and specialised markets. Hollerbach has positioned itself in a niche market with its range of services, from site development and building applications to turnkey handover to the client.
About the Buyers
Hussar Holding GmbH (“Hussar”) is an Austrian holding and investment company with a focus on real estate where it rents and leases third party owned land, buildings and apartments. Hussar also owns several hotels in the western Austrian Alps, close to the Italian border. Despite its regional focus, Hussar also conducts cross-border transactions with suitable partners. Hussar invests primarily in companies and projects with growth potential and aims to create value for its shareholders through strategic investments and partnerships.
Agrina Holdings Limited (“Agrina”) is a Cypriot based holding company investing primarily in the agriculture and food sectors. It was incorporated in 2005 and is headquartered in Nicosia, Cyprus. AGRINA has investments in a variety of businesses across Europe, the Middle East and Africa.