16.05.2014
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DGAP-News: aleo solar AG i.L. completes sale of operating business
DGAP-News: aleo solar AG i.L. / Key word(s): Miscellaneous
aleo solar AG i.L. completes sale of operating business
16.05.2014 / 13:01
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aleo solar AG i.L. [ISIN: DE000A0JM634] today announced that it had
finalised the sale of key parts of its operating business to SCP Solar
GmbH, which now takes ownership of the factory in Prenzlau and the "aleo"
brand. aleo solar AG i.L. has paid SCP Solar GmbH the first EUR 7.0 million
instalment of the negative purchase price and will receive compensation of
EUR 31.0 million from its majority shareholder Robert Bosch GmbH.
Additionally a compensation for Inventory Shortfall of approximately EUR
5.4 million will be recieved.
Around 180 employees move from the aleo solar Group to SCP Solar GmbH.
Assuming positive business performance, further employees at the main
Prenzlau production base will be able to move from the transfer company to
SCP Solar GmbH. A reconciliation of interests and a social plan have been
agreed with the works councils at Oldenburg and Prenzlau. "Financial
backing from the Bosch Group has enabled us to successfully complete the
protracted search for an investor," says aleo solar AG liquidator York zu
Putlitz. "The sale means that we can offer job prospects to as many of our
staff as possible. We wish the new company a successful start with the
prestigious 'aleo' brand."
As agreed at the Extraordinary General Meeting of aleo solar AG in April,
the company will operate as "AS Abwicklung und Solar-Service AG" in the
future and will relocate its registered head office to Oldenburg. The entry
in the Commercial Register is likely to be completed in the next few weeks.
AS Abwicklung und Solar-Service AG i.L. will wind up the remaining
companies in the aleo solar Group while also providing services to SCP
Solar GmbH (in the future: aleo solar GmbH) during the start-up phase of
its operations in Prenzlau. AS Abwicklung und Solar-Service AG i.L. is also
the point of contact for all prior guarantees and warranties issued by aleo
solar AG.
Contact:
Corporate Communications
aleo solar AG i.L. | Dr. Hermann Iding | Osterstraße 15 | 26122 Oldenburg |
Germany
T +49 (0) 441 219 88 - 390 | F +49 (0) 441 219 88 - 120
E [email protected] | www.aleo-solar.com
End of Corporate News
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16.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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 i.L.
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 News DGAP News-Service
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269029 16.05.2014
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