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Euro bank in talks with Indian clean tech cos

Posted: 24 Sep 2008     Print Version  Bookmark and Share

Keywords:banking group  clean technology  investment services  renewable energy 

Europe's leading private banking group is in talks with Indian clean technology companies to offer investment services and to help them list on the Frankfurt Stock Exchange.

In an interview, Carsten Klante, Sal. Oppenheim's managing director for equity capital markets, said, "Frankfurt has become the clean-tech hub of the world and the Frankfurt Stock Exchange, which has the highest market capitalisation worldwide, also houses the largest number of clean-tech start-ups."

Added Klante: "More than 20 billion euros (Rs.128,976.42 crore) in market capitalisation comes from pure-play clean technology companies alone."

Klante was here as part of a high-level team from the bank as well as a representative from Deutsche Boerse, to offer investment banking services as well as to raise equity capital for companies in the clean-tech market. With Rs.967,323.25 crore (150 billion euros) in assets under management, the investment group has helped more than 100 companies to list on the Frankfurt exchange.

The bank is in discussions with between 15 and 20 Indian companies in the clean-tech area. Unique technologies in renewable energy are among the areas being discussed. "They would need to have not only a certain kind of technology, but also a good market potential—in not just the Indian market but on a global scale as well," Klante added.

Although Klante would not reveal the names of the Indian companies involved in talks, it was evident that most were likely start-ups. "We feel Indian clean-tech companies will stand to gain a lot by being visible in the EU."

-Sufia Tippu
EE Times

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