Fastned B : announces a 75 million euro strategic investment from Schroders Capital that will accelerate 's future growth
10/17/2022 | 01:33am EST
Fastned announces a 75 million euro strategic investment from Schroders Capital that will accelerate Fastned's future growth
Long term strategic investment via a private placement from Schroders Capital in order to support Fastned's future growth
Proceeds of 75 million euro to be used a.o. to further expand European network
2,032,520 new depositary receipts issued at EUR 36,90 each and placed with Schroders Capital, representing a 10.61% stake post closing
Schroders Capital to be represented in supervisory board of Fastned through one additional supervisory board member
Amsterdam, October 17 2022. Fastned, the European fast charging company, today announces a 75 million euro private placement of 2,032,520 new depositary receipts representing the same number of new ordinary shares in the capital of the company with Schroders Capital, the private markets investment division of global asset manager Schroders.
Michiel Langezaal, CEO of Fastned commented on the placement: "I'm very pleased to welcome Schroders Capital as a long-term investor to Fastned. This not only provides Fastned with the funding to continue to roll out our network, enabling us to make the next big step towards reaching our goal of 1,000 stations before 2030. It also marks the start of a new phase with Schroders Capital's large institutional sustainable infrastructure fund coming on board as an anchor investor, taking a long-term perspective on our business and industry, and being willing to actively support our growth plans.
"Their decision to play a part in the acceleration away from fossil fuels, towards a sustainable future and energy independence, at a time in which energy markets are turbulent and economic and geo-political circumstances uncertain, is admirable and something I applaud.
"With Schroders Capital, one of Europe's largest independent investment firms on board, Fastned is able to accelerate the pace of building fast charging stations even further, catering to the exponentially growing demand for fast charging services. Building a wide and reliable fast charging network powered by wind and sun, plays an important part in the fight against climate change and the path towards energy independence." - - Michiel Langezaal, CEO Fastned
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