Niederer Kraft & Frey advises international energy company Repower on its intended rights issue to increase its capital by at least CHF 150 million. In doing so Repower reinforcing its shareholder structure with the addition of two new investors with a long-term horizon: Elektrizitätswerke des Kantons Zürich and UBS Clean Energy Infrastructure Switzerland KGK.

In a move designed to harmonise and simplify its capital structure, as of 29 April 2016 Repower had its equities delisted from the SIX Swiss Exchange, and following the corresponding resolution of the annual general meeting on 12 May 2016 converted its former bearer shares and participation certificates into standard registered shares.

On 30 May 2016, Repower announced its intended increase in the company’s capital with the aim of consolidating the capital base, reducing net debt and implementing the measures involved in strategically realigning the organisation as an energy services business. An extraordinary general meeting held on 21 June 2016 resolved to increase the company’s capital by means of a rights issue to shareholders.

Repower is an international energy company headquartered in Brusio (Canton Graubünden, Switzerland). Its key markets are Switzerland and Italy. The group operates along the entire electricity value chain from generation and trading to sales and distribution.

The NKF team is led by Philippe Weber (partner, capital markets & corporate) and Ulysses von Salis (partner, capital markets & corporate) and further comprises Alessandro Stanchieri and Joel Marcin.