PRESS RELEASE
paris la défense, 5 June 2015
Apax France VI Fund to DISTRIBUTE ITS Albioma SHARES TO ITS INVESTORS
Continuation of Albioma's Strategy confirmed
Apax Partners, management company of the fund Apax France VI and investment advisor to Altamir, has informed Albioma of its intention to distribute to its investors over 95% of its direct and indirect interest in Albioma, i.e. around 30% of the capital, which will significantly increase the Company's free float. This distribution should take place in the second half of June 2015. Edgard Misrahi and Franck Hagège will then leave the Board of Directors.
Following this distribution, Altamir will own, directly and indirectly, some 12% of the capital. Maurice Tchenio, Chairman of Altamir Gérance, will remain a Board member of Albioma.
At its meeting on 2 June 2015, the Board of Directors noted Apax Partners' intention and recalled that during the last ten years, with the active support and full cooperation of Apax Partners, Albioma has developed an innovative strategic positioning, as a producer of both steam and electricity for its industrial sugar manufacturer partners and also as a local producer of electricity from renewable sources.
The Group has gradually become the world leader in the highly-efficient production of energy, through cogeneration, from bagasse, a residue from sugar cane production and from other forms of biomass.
During this period, Albioma developed a high-quality asset base generating recurring cash flows, enabling it to self-finance its growth whilst implementing an attractive dividend distribution policy.
The Board of Directors then confirmed the continuation of the strategy approved by the General Meeting of Shareholders in March 2012, with the optimisation of the technical and economic performance of the existing thermal power plants and the sustained development of new projects in the French overseas departments, Mauritius, Brazil and gradually in other countries abroad.
Jacques Pétry, Chairman and Chief Executive Officer stated: "Our teams have worked successfully over the past three years to sign new contracts in the bagasse/thermal biomass and solar areas. We are pleased to see our €1 billion growth investment programme for 2013 to 2023 secured at more than 50%. This should allow us to double our industrial assets over the period, whilst maintaining a high level of profitability."
Next on the agenda: results for the first half of the 2015 financial year, 27 July 2015, released post-trading.
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ABOUT ALBIOMA
Albioma is an independent energy producer and world leader in the conversion of biomass into a highly-effective source of energy, in collaboration with its agri-business partners. For more than 20 years, Albioma has operated power plants recovering bagasse, a fibrous by-product of sugar cane, replaced by coal outside the sugar cane harvest. Its unique expertise has enabled Albioma to establish itself as an indispensable partner in the sugar and ethanol industry in the French overseas territories and Mauritius. Albioma is now developing power plants using only biomass, which recover, in addition to bagasse, green waste and wood industry residue. The Group also operates a highly-efficient photovoltaic installation and agricultural anaerobic digestion units. In 2014, the Group, which already had a presence in mainland France, the French overseas territories and Mauritius, began operating in Brazil, the world's leading sugar cane producer.
For further information, please visit www.albioma.com
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INVESTOR CONTACTS
JULIEN GAUTHIERjulien.gauthier@albioma.com
+33 (0)1 47 76 67 00
MEDIA CONTACTS - LPM STRATEGIC COMMUNICATIONS
LUC PERINET-MARQUETlperinet@lpm-corporate.com
+33 (0)1 44 50 40 35
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ALBIOMA SHARES ARE LISTED ON NYSE EURONEXT PARIS (SUB B) AND ELIGIBLE FOR THE DEFERRED SETTLEMENT SERVICE (SRD) AND PEA-PME PLANS
ISIN FR0000060402 - TICKER: ABIO
