DGAP-News: AGO AG Energie + Anlagen completed the First Sale of an Equity Participation
(firmenpresse) - DGAP-News: AGO AG Energie + Anlagen / Key word(s): Disposal
AGO AG Energie + Anlagen completed the First Sale of an Equity
Participation
31.05.2012 / 14:05
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Corporate News of 31 May 2012
AGO completed the First Sale of an Equity Participation
- Sale of 100% of the shares in HolSoTherm GmbH, Kölleda
- Disposal of all four equity participations are anticipated until end of
2012
- Positive balance sheet effects are projected by end of 2012
Kulmbach, 31 May 2012: In line with the change in strategy, AGO AG Energie
+ Anlagen (WKN: A0LR41, ISIN: DE000A0LR415) has sold its first equity
participation in HolSoTherm GmbH. Both parties have agreed to maintain
confidentiality about sale price and further details to the contract.
AGO AG Energie + Anlagen expects a significant increase in equity from the
sale of all equity participations, which should be completed by the end of
2012. As a result from the ensuing deconsolidation, Management Board
further anticipates a lower balance sheet total at a considerably improved
debt equity ratio.
After the disposal of all four equity participations, AGO AG Energie +
Anlagen will exclusively focus on its core competency, the plant
engineering and construction of complex thermal energy supply systems and
in particular on thermal power plants.
About AGO AG Energie + Anlagen:
AGO AG Energie + Anlagen, with its registered office in Kulmbach, was
founded in 1980 and is specialized in the area of innovative and efficient
energy supply facilities for industrial customers. Main focus is laid on
the three business divisions: design, engineering and construction of
plants and service and consultation. The core competencies of the company
mainly commit to biomass cogeneration plants and combined heat and power
stations for heating and cooling plant construction and tri-generation (the
simultaneous production of electricity, heat, and cooling). Site studies
and development, energy efficiency consulting, resource and fossil fuel
management as well as emission trade management - these areas round out the
AGO business model. The name AGO symbolizes the efficiency, security and
technological competence of its energy supply facilities.
Company contact:
AGO AG Energie + Anlagen
Am Goldenen Feld 23
D-95326 Kulmbach
www.ago.ag
T. +49 (0) 9221 602 0
F. +49 (0) 9221 602 149
ir-ago(at)ago.ag
Investor Relations contact:
GFEI Aktiengesellschaft
Marcus Kapust
Am Hauptbahnhof 6
60329 Frankfurt am Main
www.gfei.de
T. +49 (0) 69 743 037 00
F. +49 (0) 69 743 037 22
ir-ago(at)gfei.de
End of Corporate News
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31.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory 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: AGO AG Energie + Anlagen
Am Goldenen Feld 23
95326 Kulmbach
GermanyPhone: +49 (0)9221 602-0
Fax: +49 (0)9221 602-149
E-mail: info(at)ago.ag
Internet: http://www.ago.ag
ISIN: DE000A0LR415
WKN: A0LR41
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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172325 31.05.2012
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Datum: 31.05.2012 - 14:05 Uhr
Sprache: Deutsch
News-ID 151744
Anzahl Zeichen: 7744
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Kategorie:
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