- NAV of €380.2 million as at September 30th, 2015, i.e., €53.0 per share
As at September 30th, 2015, Salvepar's net asset value (NAV) amounted to €380.2 million.
The Company's NAV as at September 30th, 2015 is steady compared to the NAV as at June 30th, 2015, noting that the Company did not re-evaluate its non-listed assets as at September 30th, 2015. The Company's NAV per share, as at September 30th, 2015, therefore remains unchanged at €53.0 compared to the value as at June 30th, 2015.
400
Net Asset Value (in €m)
380
360
Salvepar's NAV evolution372.3
363.2365.4
380.1 380.2
340
320
300
30 Sept-14 31 Dec-14 31-Mar 15 30-June 15 30-Sept 15
Evolution of Salvepar's NAV breakdown during the third quarter 2015 | |
As at June 30th, 2015 | As at September 30th, 2015 |
Cash and investment securities net of debt
39,5%
Listed equity 10,8%
Non-listed equity 49,7%
Cash and investment securities net of debt
33,9%
Listed equity 15,0%
Non-listed
equity 51,0%
NB: Cash and investment securities net of debt correspond to tradable securities and other cash and cash equivalents, net of debt (including, as at September 30, 2015, the ORNANEs issued by Salvepar) and working capital
€32 million in EREN, to be undertaken through two tranches of €16 million each. EREN is a group specialised in renewable energies.1This investment is part of a close to €200 million fund- raising, performed by EREN from a consortium of various investors, to support its development project, especially internationally.
1See the joint press release of October 12th, 2015.
To implement its minority investment strategy, Salvepar, which had around €250 million as at September 30th, 2015, remains very demanding regarding the selection of the different investment opportunities. The Company analyses several attractive opportunities at the moment and continues stimulating its network in order to identify the best projects early.
Tikehau Capital Advisors, a Tikehau Group company that is a board member of Salvepar, a shareholder of Salvepar (with a 0.5% ownership) and the chairman of Tikehau Capital Partner (Salvepar's majority shareholder), informed Salvepar that it intended to enter into an irrevocable mandate to purchase Salvepar shares, aiming at increasing its direct holding in Salvepar's capital. This mandate shall be entrusted, for a six-month (renewable) period, to an investment service provider.
About Salvepar
Salvepar, which is majority owned by the Tikehau group, is an investment holding listed on the Euronext Paris stock exchange (Compartment B). Salvepar pursues an active policy of minority investment in listed and non-listed companies, seeking sectorial and geographical diversification (in France and abroad).
www.salvepar.fr
Press contacts:
Salvepar: +33 1 40 06 26 26 Image 7: + 33 1 53 70 74 70
Geoffroy Renard -communication@salvepar.fr Grégoire Lucas - glucas@image7.fr
Estelle Guillot-Tantay - egt@image7.fr
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