CANADIAN SOLAR PARTNERS WITH GARDANT SGR ON ITS FIRST ITALIAN ALTERNATIVE INVESTMENT FUND
(the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced it has signed an agreement to sell 30% of the preferred units of the Company's first Italian alternative investment fund ("CSFS Fund I") to Gardant Investor SGR ("Gardant").
- (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced it has signed an agreement to sell 30% of the preferred units of the Company's first Italian alternative investment fund ("CSFS Fund I") to Gardant Investor SGR ("Gardant").
- As the investor of CSFS Fund I, Gardant is the asset management arm of the Gardant Group, specialized in alternative and complex investments with over EUR560 million assets under management.
- Under this agreement, Gardant Investor SGR is also committed to cover 30% of the projects' construction capital expenditures.
- Guido Lombardo, CEO of Gardant Investor SGR, said, "We are proud to have entered into this agreement with Canadian Solar.