EANS-News: LDK Solar's investment in Sunways AG successfully completed
Geschrieben am 25-04-2012 |
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
Subtitle: - Voluntary public takeover offer has terminated - LDK
Solar Germany Holding GmbH now holds 70.88 percent of the Sunways
shares
Konstanz (euro adhoc) - The acquisition of shares in Sunways AG
(SWW:GR, SWWG.DE, ISIN DE0007332207) by LDK Solar Co., Ltd. (LDK:US,
LDK.N, ISIN US50183L1070) has been completed. At the end of the
additional acceptance period as of 12 April, the voluntary public
takeover offer submitted by LDK Solar Germany Holding GmbH was
accepted with respect to a total of 6,527,282 non-par value shares to
bearer in Sunways AG. Previously, the LDK Solar Group had already
acquired 5.79 million shares or about 33 percent of the increased
share capital of Sunways AG via its German group company in the
context of a capital increase. Thus LDK Solar now holds a total of
approximately 70.88 percent of the share capital of Sunways AG. Upon
completion of the takeover offer, there are no other shareholders
holding a reportable interest (more than 3 percent).
LDK Solar Germany Holding GmbH is an indirect subsidiary of LDK Solar
Co., Ltd., one of the ten largest photovoltaics companies in the
world in terms of sales. As the world's largest fully integrated
manufacturer of silicon, wafers, solar cells and solar modules, LDK
Solar has supplied raw materials to Sunways AG for many years and,
moreover, entered into a cooperation arrangement with the company for
the production of Sunways solar modules in 2009.
This press release is also available on http://www.sunways.eu/en or
http://www.presseportal.de/suche.htx?q=sunways+.
Forward-looking statements
This press release contains statements relating to the future
business development of Sunways AG that are based on management
assumptions and estimates made at the time of publication. Should the
assumptions underlying the prognoses fail to be fulfilled, actual
events may vary substantially from forward-looking statements.
Uncertainties include changes in the political, legal, economic and
business environment, exchange and interest rate fluctuations as well
as the behaviour of competitors and other market participants.
Sunways does not intend and is not under any obligation to update
forward-looking statements on an ongoing basis as these are
exclusively based on the circumstances prevailing as of the date of
publication.
About Sunways
Sunways AG, Konstanz/Germany, stands for consistent use of solar
energy to secure long-term energy supply of man in an efficient and
sustainable manner. Sunways offers technological competence,
performance and highest quality - from single components to complete
solar systems. Since its foundation in 1993, Sunways AG evolved into
a technology leader in the photovoltaics industry serving
international markets. With silicon-based solar cells, inverters,
solar modules and solar systems, the company offers all components
required for high-yield photovoltaic power generation. With
photovoltaic solutions tailored to customers' needs (transparent and
coloured solar cells, building- integrated photovoltaic
installations), Sunways turns exceptional ideas into reality. Sunways
Production GmbH in Arnstadt/Germany is a subsidiary of Sunways AG; in
addition, the group has own branch offices in Barcelone/Spain and
Bologna/Italy. In 2011, Sunways AG with about 330 employees realised
sales of around EUR 115 million. The shares of Sunways AG are listed
at the Frankfurt Stock Exchange (SWW:GR, SWWG.DE, ISIN DE0007332207).
For further information, please visit www.sunways.eu/en.
Further inquiry note:
Dr. Harald F. Schäfer
Head Corporate Communications and Investor Relations
Tel.: +49 (0)7531 996 77-415
E-Mail: communications@sunways.de
end of announcement euro adhoc
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company: Sunways AG
Macairestr. 3 - 5
D-78467 Konstanz
phone: +49 (0)7531 99677 0
FAX: +49 (0)7531 99677 10
mail: info@sunways.de
WWW: http://www.sunways.eu/de
sector: Alternative energy
ISIN: DE0007332207
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English
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