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Summary
Grünwald Equity Geothermie GmbH (GET) was sold to British investment group Equitix
Equitix announced the completion of its first geothermal acquisition on LinkedIn. With the deal the company acquired Grünwald Equity Geothermie GmbH, the operating Traunreut geothermal plant with combined heat and power production. The plant was sold by Grünwald Equity, which was advised by Augusta & Co. The buyer , a London investor specializing in infrastructure projects, was advised by Rödl & Partner on the takeover of the geothermal power plant.
According to Grünwald Equity, around EUR 80 million were invested in the construction of the facility. Today it is one of the most efficient geothermal power plants in Germany. According to Equitix, the geothermal plant has another 42 years of operation.
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