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KTG Energie Seeks to Raise $33 Million in Bonds for Acquisitions

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Sept. 19 (Bloomberg) -- KTG Energie AG, a German developer of biogas power plants, is seeking to raise 25 million euros ($33 million) by selling corporate bonds to finance growth.

KTG Energie, the Hamburg-based unit of KTG Agrar AG, began issuing six-year bonds with a 7.25 percent coupon in Frankfurt, it said in a statement. Chief Executive Officer Thomas Berger plans to “speed up growth through acquisitions,” he said.

KTG Energie operates about 31 megawatts of biogas plants and has a market value of about 87 million euros.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net