DGAP-News: Solar Millennium AG: Insolvency administrator sells Flagsol stake to Ferrostaal
(firmenpresse) - DGAP-News: Solar Millennium AG / Key word(s): Disposal
Solar Millennium AG: Insolvency administrator sells Flagsol stake to
Ferrostaal
06.07.2012 / 16:02
---------------------------------------------------------------------
Insolvency administrator sells Flagsol stake to Ferrostaal
Erlangen, 6 July 2012 - The insolvency administrator of Solar Millennium
AG, Volker Böhm, sold Solar Millennium's 74.9 per cent stake in Flagsol
GmbH to Ferrostaal GmbH. The engineering and plant construction company
Flagsol GmbH is a joint venture of Solar Millennium and Ferrostaal. It
participated in the development and realization of Solar Millennium's solar
power projects.
Ferrostaal will maintain operations of the complete company and take over
all of its 80 employees. The headquarters of the company are supposed to
remain in Cologne. The companies have agreed to maintain silence about the
purchase price.
'I'm extremely pleased about the fact that all jobs were saved and that we
managed at the same time to generate significant proceeds for Solar
Millennium AG's creditors,' Böhm stated after the purchase agreement had
been signed. 'Moreover, Flagsol's great expertise in the development and
management of solar power plants will be maintained through the sale to
Ferrostaal.'
Contact:
Solar Millennium AG
Phone: +49 (0)9131 9409-0
Press Contact:
möller pr
Mail: cm(at)moeller-pr.de, Phone: +49 (0)221 80 10 87-87
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
---------------------------------------------------------------------
06.07.2012 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
---------------------------------------------------------------------
177002 06.07.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 06.07.2012 - 16:02 Uhr
Sprache: Deutsch
News-ID 162910
Anzahl Zeichen: 6350
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 385 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Solar Millennium AG: Insolvency administrator sells Flagsol stake to Ferrostaal"
steht unter der journalistisch-redaktionellen Verantwortung von
Solar Millennium AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
