Solar Millennium AG
Solar Millennium AG: Conclusion of transaction with solarhybrid AG on the US pipeline postponed
Solar Millennium AG / Key word(s): Miscellaneous 20.12.2011 / 21:42 --------------------------------------------------------------------- Erlangen, 20 December 2011 In the scope of negotiations on the sale of its US project pipeline, Solar Millennium AG no longer believes that the transaction will be concluded before the end of the current year. Although Solar Millennium and solarhybrid have reached a general understanding in terms of the substance and have signed significant agreements, certain conditions for the effectiveness of the agreements have not yet been met. solarhybrid AG has pointed out to Solar Millennium, among other factors, that it needs more time for internal coordination and negotiation in the US. Despite the postponement, both companies are adhering to their common goal of carrying out the transaction as planned if possible. The Executive Board of Solar Millennium AG reviews the consequences and options resulting overall from the current circumstance for the business in the US and for the Solar Millennium Group. 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, and has taken a global leadership position in this field. Solar Millennium is striving to further extend its expertise in this area with the aim of achieving and securing sustainable technology leadership. The Company covers all important business sectors along the value chain or 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. Additional projects are planned around the world: The current regional focus is on Spain, the Middle East and North Africa. Contact: Solar Millennium AG Corporate Communications: presse@SolarMillennium.de Investor Relations: investor@SolarMillennium.de Tel.: +49 (0)9131 9409-0 Web: www.solarmillennium.de End of Corporate News --------------------------------------------------------------------- 20.12.2011 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 --------------------------------------------------------------------- 150502 20.12.2011
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