Solarpark Blautal GmbH becomes new majority shareholder of centrotherm photovoltaics AG
- Sol Futura Verwaltungsgesellschaft mbH transfers 80 % interest in centrotherm photovoltaics AG to Solarpark Blautal GmbH
- Along with company co-founder Robert M. Hartung, Qatar Solar Technologies holds significant indirect interest in centrotherm
- Change to Supervisory Board
As part of the closing of the purchase agreement that was concluded in December, Sol Futura Verwaltungsgesellschaft mbH has today transferred its 80 % interest in the shares of centrotherm photovoltaics AG to Solarpark Blautal GmbH, Blaubeuren. Solarpark Blautal has thereby become the new majority shareholder of centrotherm photovoltaics AG. Along with centrotherm co-founder Robert M. Hartung, Qatar Solar Technologies (Doha/Qatar) hold a significant interest in Solarpark Blautal.
Dr. Khalid Al Hajri, Chairman and CEO of Qatar Solar Technologies, notes: "Photovoltaics is one of the most important and exciting industries in the world right now, and is deriving a special impetus from the global agreement on reduction of climate change concluded in Paris. With our interest in centrotherm, QSTec expands along the solar value chain. Our aim is to develop new solar solutions and other areas beyond PV that will positively affect the lives of millions of people across the world. We are on the right path to achieving this goal.''
Robert M. Hartung commented as follows on the successful closing of this transaction: "With Qatar Solar Technologies as co-shareholder, we have gained an international strategic partner for centrotherm – and together we aim to direct centrotherm towards the future."
Tobias Wahl, partner of anchor Lawyers, who administered as director of Sol Futura the transferred shares and who held the chair in the Supervisory Board of centrotherm AG, added: “I am happy that we succeeded to find a financially strong partner who has longterm strategic interests and secures the financing of the company.”
Financing agreement concluded
As part of the disposal of the interest by former main shareholder Sol Futura, the Management Board of centrotherm photovoltaics AG has concluded a financing agreement that secures the company's funding.
Changes to the Supervisory Board
Given the change in the shareholder structure, personnel changes also arise for the Supervisory Board of centrotherm photovoltaics AG. Supervisory Board Chairman Tobias Wahl and Supervisory Board members Dr. Christoph Herbst and Wolfgang Schmid will relinquished their mandates in the next days. In the context of these changes it is planned that Robert M. Hartung will be nominated as new Chairman of the Supervisory Board.
In addition to his current duties Florian von Gropper takes on the role as the Speaker of the Board starting 1.1.2016. Boris Klebensberger is as COO especially responsible for Sales and Technology.
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.
About Qatar Solar Technologies (QSTec)
Qatar Solar Technologies (QSTec) is helping Qatar reach a sustainable future by manufacturing and supplying solar energy solutions for use locally regionally and internationally. QSTec has access to unrivalled resources with a philosophy that is built on quality, operational excellence and commercial integrity. QSTec is a joint venture between Qatar Foundation (70%), SolarWorld AG (29%) and the Qatar Development Bank (1%).
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