centrotherm negotiates financing agreement given disposal of interest by majority shareholder Sol Futura
Sol Futura Verwaltungsgesellschaft mbH has today signed an agreement concerning the disposal of the shares that it holds in centrotherm photovoltaics AG. The Management Board of centrotherm photovoltaics AG has been negotiating a financing agreement to secure the company's financing after the disposal of the interest by Sol Futura. The Management Board of centrotherm photovoltaics AG assumes that this financing agreement will be concluded shortly.
The execution of the purchase agreement depends on certain conditions, including the conclusion of the financing agreement, and is expected to occur by the end of the first quarter 2016 at the latest. Once the purchase agreement has been executed, insolvency receivables of unsubordinated creditors of centrotherm photovoltaics AG as well as of one of its former subsidiaries will fall due.
- End of the quasi ad hoc announcement -
About centrotherm photovoltaics AG
centrotherm has been developing and realizing innovative thermal solutions for over 50 years. As a leading and globally operating technology group, we offer production solutions for the photovoltaic, semiconductor and microelectronic industries.
The continuous further development of our successful solutions in thermal processing and coating, such as for manufacturing crystalline solar cells and power semiconductors, form the basis for our successful partnerships with industry, research and development.
Our customers worldwide appreciate our production systems' process stability, scalability and availability in mass production. Above and beyond this, our work is distinguished by the fact that we create high-end process technology solutions which are specific for our customers and tailored to their requirements, and the fact that we are outstanding in system building.
We jointly confront the daily challenges of setting new trends, maximizing the efficiency of producing, for example, solar cells and semiconductors, and, coupled with our long machine durations, of securing investments.
In this way, we generate valuable competitive advantages for our customers through targeted innovations to processes and production solutions.
Our around 700 staff worldwide are committed to the further development of high-tech solutions for key markets.
centrotherm photovoltaics AG
German Securities Identification Number (WKN): A1TNMM (bearer shares); A1TNMN (unlisted shares from the non-cash capital increase)
ISIN: DE000A1TNMM9 (bearer shares); DE000A1TNMN7 (unlisted shares from the non-cash capital increase)
Admitted to the Open Market/Entry Standard, Frankfurt Stock Exchange
Corporate domicile: Germany
Manager Public & Investor Relations
Tel: +49 7344 918-6304