05.02.2014
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DGAP-Adhoc: aleo solar AG: aleo solar sells significant parts of its operating business
aleo solar AG / Key word(s): Miscellaneous
05.02.2014 07:45
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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aleo solar AG [ISIN: DE000A0JM634]
aleo solar sells significant parts of its operating business - negative
contribution to earnings - extraordinary general meeting to resolve on the
transaction and the liquidation of aleo solar AG - additional financial
support from Robert Bosch GmbH
aleo solar AG today entered into an agreement to sell the aleo solar
Group's material operating business, including the production site in
Prenzlau and the aleo brand to SCP Solar GmbH, Hamburg. SCP Solar GmbH is
the acquiring company in a consortium comprising Taiwanese company Sunrise
Global Solar Energy Co. Ltd., CHOSHU Industry Co. Ltd. and Pan Asia Solar
Ltd., who have agreed to contribute EUR 13.5 million in equity capital to
SCP Solar GmbH.
SCP Solar GmbH intends to offer jobs to approximately 200 aleo solar Group
employees in production and sales. aleo solar AG has agreed framework
social plans with the works councils in Oldenburg and Prenzlau.
The purchase agreement results in a negative contribution to earnings at
aleo solar AG. The buyer pays a total purchase price of EUR 1.00 for the
production facility in Prenzlau including fixed assets, inventories,
intellectual property rights and share in a subsidiary of the aleo solar
Group. For its part, aleo solar AG agrees to pay to the purchaser SCP Solar
GmbH a negative purchase price of EUR 10.0 million.
The shareholder Robert Bosch GmbH has agreed to pay a financial
compensation of EUR 31.0 million to aleo solar AG in connection with the
sale of the operating business.
The closing of the purchase agreement is subject, among others, to the
conditions precedent of the approval of the antitrust authorities and the
approval of the general meeting of aleo solar AG. To this effect, the
Management Board of aleo solar AG will convene an extraordinary general
meeting.
Today, Robert Bosch GmbH informed the Management Board of aleo solar AG
that, as a shareholder, it also seeks to resolve upon the liquidation of
aleo solar AG at the extraordinary general meeting. Robert Bosch GmbH has
committed to provide additional funds to aleo solar AG in the course of
liquidation if there is a concrete need for liquidity in order to enable an
orderly liquidation without filing for insolvency. If the company's
liquidation is resolved, the Management Board currently expects to post
only an economically insignificant liquidation surplus, if at all, once
liquidation has been completed.
05.02.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: aleo solar AG
Marius-Eriksen Straße 1
17291 Prenzlau
Germany
Phone: +49 (0)3984 8328-0
Fax: +49 (0)3984 8328-115
E-mail: [email protected]
Internet: www.aleo-solar.de
ISIN: DE000A0JM634
WKN: A0JM63
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
aleo solar AG ISIN: DE000A0JM634 können Sie bei EQS abrufen
Solar/Wind , A0JM63