Solar Millennium AG
Solar Millennium sells additional investments
Solar Millennium AG / Key word(s): Miscellaneous 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
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. End of Corporate News 16.03.2012 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 |
160912 16.03.2012 |