Robert Bosch withdraws from photovoltaics business and plans to sell its stake in aleo solar AG

aleo solar AG today was informed by its majority shareholder Robert Bosch GmbH that Bosch intends to withdraw from the solar energy market and therefore will be disposing of its stake in aleo solar AG. Bosch currently holds a 90.7% stake in aleo solar. Independently of this sale, Robert Bosch GmbH has assured aleo solar AG of financing until the end of March 2014.

York zu Putlitz, CEO and CFO at aleo solar AG: “Bosch is withdrawing from the crystalline photovoltaics business since it has been unable to achieve competitiveness here. Robert Bosch therefore plans to sell its holding in aleo solar AG. Irrespective of the search for a buyer, aleo solar AG has already taken action: We have closed our factory

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