§ Purchase agreement concluded concerning acquisition of 80% interest in centrotherm photovoltaics by Solarpark Blautal GmbH
§ Execution of purchase agreement still depends on conditions
§ Company co-founder Robert M. Hartung to remain invested
§ Retention of location and further diversification
Blaubeuren, December 14, 2015 – Sol Futura Verwaltungsgesellschaft mbH has concluded an agreement concerning the disposal of its entire 80% interest in centrotherm photovoltaics AG. Solarpark Blautal GmbH, Blaubeuren, is the acquirer of the interest. This company’s shareholders comprise centrotherm co-founder Robert M. Hartung as well as an international strategic investor. Following the execution of the purchase agreement, which still depends on conditions being met, Solarpark Blautal will hold 90% of the shares in centrotherm photovoltaics AG, including the shares of TCH. The purchase agreement is anticipated to be executed by the end of the first quarter of 2016 at the latest. The shares in Swabia-based technology and systems supplier centrotherm will then transfer from Sol Futura to the new owner. centrotherm co-founder Robert M. Hartung and an international strategic investor will then hold a qualified majority of the shares in centrotherm photovoltaics AG via Solarpark Blautal.
The employees have been informed about the transaction at an employee meeting held today. Robert M. Hartung comments as follows on the forthcoming transaction: “As co-founder of centrotherm photovoltaics AG, I have always felt committed to the company, and to finding a further investor for it. We have managed to acquire an international strategic investor as a co-shareholder, and I am convinced that together we can provide important impulses for the company’s future.”
