HSH Nordbank will provide international investment managers First State Investments (FSI) with € 75 million loan

HAMBURG/ KIEL, 20-Dec-2018 — /EuropaWire/ — HSH Nordbank will provide international investment managers First State Investments (FSI) as the mandated lead arranger (MLA) with € 75 million as part of an acquisition loan totalling € 364 million.

FSI will use these funds to purchase 85 percent of the shares in Utilitas, the private-sector Estonian district heating network. Estonia’s largest producer of renewable energy builds and operates regional heating networks as well as the associated power generation plants and is present in eight Estonian cities, including the capital Tallinn, with more than 500 kilometres of district heating grid, 39 heating power plants as well as two biogas plants.

FSI is the Australian investment management branch of the Commonwealth Bank of Australia with offices in Europe, the United States, the Middle East and the Asia-Pacific region – it is world’s sixth-largest infrastructure manager with more than 20 years of experience in this sector.

“This transaction is important to us in two respects: It means we have successfully closed a finance deal in Estonia for the first time and we can add another district heating network to our portfolio. That is very encouraging also with a view to our planned follow-on business in this appealing and growing European infrastructure market,” said Dr Marcus Kleiner, Head of Infrastructure & Logistics at HSH Nordbank.

The information contained in this press release does not constitute an offer for the sale of any type of HSH Nordbank AG securities. Securities of HSH Nordbank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.

This press information can contain forward-looking statements. These statements are based on our beliefs and assumptions, on information currently available to us which we consider reliable. Forward-looking statements include all statements which are not historical facts, including information concerning future growth prospects and future economic developments.

Such forward-looking statements are based on assumptions relating to future events and are subject to uncertainties, risks and other factors, a large number we cannot influence. Thus actual events can differ considerably from the forward-looking statements made. We make no warranty for the correctness or completeness of these statements or the actual occurrence of the statements made. Furthermore, we assume no obligation for updating the forward-looking statements after this information has been published.

SOURCE:  HSH NORDBANK

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