SolarWorld AG passes the 95 percent threshold of shares in Solarparc AG06-02-12
SolarWorld AG has exceed a 95 percent threshold of shares in Solarparc AG and will now realize the full integration of Solarparc AG into the SolarWorld Group. Pursuant to Section 327a et seg. of the German Stock Corporation Act, the Management Board of SolarWorld AG will propose the acquisition of all remaining minority shares at the next Annual General Meeting. The goal is to delist Solarparc AG from the stock exchange and convert it into a limited company (GmbH) as a 100 percent subsidiary of SolarWorld AG.
December 31, 2010, SolarWorld AG had offered a voluntary public take-over of all shares of Solarparc AG. The average stock price for the take-over offer was € 7.36.
The full acquisition of Solarparc AG gives SolarWorld AG the opportunity to expand its project business on an international scale. “Our objective is to build more turnkey solar parks outside of Germany in lucrative markets such as India and South Africa,” says Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG.
About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems of all sizes, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany, sales sites in Singapore, South Africa, Spain, France as well as in the U.S. state California. The group´s largest production facilities operate in Freiberg, Germany and Hillsboro in the U.S. State of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs about 3,300 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and ÖkoDAX as well as in the sustainability index NAI.