14.12.2015
centrotherm photovoltaics AG DE000A1TNMM9
DGAP-News: Solarpark Blautal GmbH as potential new investor and majority shareholder of centrotherm photovoltaics AG
DGAP-News: centrotherm photovoltaics AG / Key word(s): Miscellaneous
Solarpark Blautal GmbH as potential new investor and majority shareholder of
centrotherm photovoltaics AG
14.12.2015 / 18:11
The issuer is solely responsible for the content of this announcement.
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Solarpark Blautal GmbH as potential new investor and majority shareholder
of centrotherm photovoltaics AG
- Purchase agreement concluded concerning acquisition of 80% interest in
centrotherm photovoltaics by Solarpark Blautal GmbH
- Execution of purchase agreement still depends on conditions
- Company co-founder Robert M. Hartung to remain invested
- Retention of location and further diversification
Blaubeuren, December 14, 2015 - Sol Futura Verwaltungsgesellschaft mbH has
concluded an agreement concerning the disposal of its entire 80% interest
in centrotherm photovoltaics AG. Solarpark Blautal GmbH, Blaubeuren, is the
acquirer of the interest. This company's shareholders comprise centrotherm
co-founder Robert M. Hartung as well as an international strategic
investor. Following the execution of the purchase agreement, which still
depends on conditions being met, Solarpark Blautal will hold 90% of the
shares in centrotherm photovoltaics AG, including the shares of TCH. The
purchase agreement is anticipated to be executed by the end of the first
quarter of 2016 at the latest. The shares in Swabia-based technology and
systems supplier centrotherm will then transfer from Sol Futura to the new
owner. centrotherm co-founder Robert M. Hartung and an international
strategic investor will then hold a qualified majority of the shares in
centrotherm photovoltaics AG via Solarpark Blautal.
The employees have been informed about the transaction at an employee
meeting held today. Robert M. Hartung comments as follows on the
forthcoming transaction: "As co-founder of centrotherm photovoltaics AG, I
have always felt committed to the company, and to finding a further
investor for it. We have managed to acquire an international strategic
investor as a co-shareholder, and I am convinced that together we can
provide important impulses for the company's future."
CEO Hans Autenrieth adds: "We are happy that the new investor
re-establishes a good deal of clarity and confidence in centrotherm's
future - especially for our employees, but also for our customers, business
partners and our shareholders."
Negotiated financing agreement and forthcoming fulfillment of the
insolvency plan
The Management Board of centrotherm photovoltaic AG has negotiated a
financing agreement to secure the company's financing after the disposal of
the interest by Sol Futura. The due insolvency receivables of
unsubordinated creditors of centrotherm photovoltaics AG as well as of one
of its former subsidiaries will be serviced one month after the execution
of the transaction.
Once the disposal of the interest comes into force and creditors are
satisfied, the insolvency plan of centrotherm photovoltaics AG would be
almost completely fulfilled, subsequent to approval of the plan by the Ulm
District Court.
Retention of location and further diversification
The new investor and majority shareholder Solarpark Blautal will retain the
Blaubeuren location, and is relying on the employees of centrotherm
photovoltaics AG. "The company has core competences in thermal processes
and systems building. National and international customers from the
photovoltaic, semiconductor and microelectronics industries appreciate and
deploy centrotherm's production solutions. We also aim to exploit this
potential in the future for other future technologies," notes Robert M.
Hartung, Managing Director of Solarpark Blautal GmbH.
About centrotherm photovoltaics AG
centrotherm has been developing and realizing innovative thermal solutions
for over 50 years. As a leading and globally operating technology group, we
offer production solutions for the photovoltaic, semiconductor and
microelectronic industries.
The continuous further development of our successful solutions in thermal
processing and coating, such as for manufacturing crystalline solar cells
and power semiconductors, form the basis for our successful partnerships
with industry, research and development.
Our customers worldwide appreciate our production systems' process
stability, scalability and availability in mass production. Above and
beyond this, our work is distinguished by the fact that we create high-end
process technology solutions which are specific for our customers and
tailored to their requirements, and the fact that we are outstanding in
system building.
We jointly confront the daily challenges of setting new trends, maximizing
the efficiency of producing, for example, solar cells and semiconductors,
and, coupled with our long machine durations, of securing investments.
In this way, we generate valuable competitive advantages for our customers
through targeted innovations to processes and production solutions.
Our around 700 staff worldwide are committed to the further development of
high-tech solutions for key markets.
centrotherm photovoltaics AG
Johannes-Schmid-Str. 8
89143 Blaubeuren
Internet: www.centrotherm.de
German Securities Identification Number (WKN): A1TNMM (bearer shares);
A1TNMN (unlisted shares from the non-cash capital increase)
ISIN: DE000A1TNMM9 (bearer shares); DE000A1TNMN7 (unlisted shares from the
non-cash capital increase)
Admitted to the Open Market/Entry Standard, Frankfurt Stock Exchange
Corporate domicile: Germany
Contact:
Nathalie Albrecht
Manager Public & Investor Relations
Tel: +49 7344 918-6304
E-mail: [email protected]
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14.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP 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: centrotherm photovoltaics AG
Johannes-Schmid-Strasse 8
89143 Blaubeuren
Germany
Phone: +49 7344 918-0
Fax: +49 7344 918-8388
E-mail: [email protected]
Internet: www.centrotherm.de
ISIN: DE000A1TNMM9
WKN: A1TNMM
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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