DGAP-News: Solar Millennium sells additional investments
(firmenpresse) - DGAP-News: Solar Millennium AG / Key word(s): Miscellaneous
Solar Millennium sells additional investments
16.03.2012 / 09:45
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Solar Millennium sells additional investments
Erlangen, 16 March 2012 - Solar Millennium AG's insolvency administrator,
Volker Böhm, has sold additional investments of Solar Millennium AG to
investors.
Schoeller Renewables GmbH, headquartered in Pullach im Isartal, has
acquired Solar Millennium AG's shares in PV Power Holding GmbH,
headquartered in Erlangen. Solar Millennium AG had a 50 percent holding in
the company, which develops photovoltaic projects in Italy.
The shares in Blue Tower GmbH, headquartered in Herten, were also sold.
Roughly 75 percent of the company was held by Solar Millennium AG. Blue
Tower markets the so-called 'Blue-Tower technology,' which is used to
extract carbon-neutral gas through the decomposition of biomass. The buyer
is Concord Blue Engineering GmbH, headquartered in Düsseldorf. The parties
have agreed not to disclose the purchase price of the two disposals.
About Solar Millennium AG:
Solar Millennium AG (ISIN DE0007218406), Erlangen, is a company that
operates globally in the renewable energy sector, with its main focus on
solar power plants. Together with its subsidiaries and associates, the
Company specializes in solar-thermal power plants, particularly parabolic
trough plants.
The Company covers all important business sectors along the value chain for
solar power plants: from project development and financing to technology
and the turnkey construction and operation of power plants. Solar
Millennium realized Europe's first parabolic trough power plants in Spain
as well as the first modern parabolic trough solar field in Egypt.
Contact:
Solar Millennium AG
Corporate Communications: presse(at)SolarMillennium.de
Phone: +49 (0)9131 9409-0
Schultze&Braun
Mail: Presse(at)schubra.de, Phone: +49 (0)179 1009080
This press release constitutes neither an offer to sell nor the
solicitation of an offer to buy any securities of Solar Millennium AG. The
press release shall not form the basis for investment decisions regarding
securities of the company. Any such investment decision of a prospective
investor shall be based solely on such prospective investor's own
investigations and assessments.
This release contains forward-looking statements. These statements are not
a description of past facts, but rather relate to expectations and opinions
of Solar Millennium AG. These statements are based on current plans,
assessments and forecasts of the company. Investors should not rely on
these statements. Forward-looking statements must be understood in the
context of the circumstances existing at the time when they were made. The
company assumes no obligation to update the forward-looking statements in
this release based on new information or future events. Forward-looking
statements always involve risks and uncertainty. Due to a multitude of
factors, actual events and actual developments may differ significantly
from the forward-looking statements contained herein. This press release
was originally prepared in German. The translation of this release or parts
thereof is considered as a service for journalists, analysts and investors
who are not able to understand German. Only the German version is legally
binding.
End of Corporate News
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Datum: 16.03.2012 - 09:45 Uhr
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