Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
Conergy AG: Proposed acquisition of essential sales activities by U.S.
Hamburg, 19 July 2013 – Today, the U.S. based financial investor Kawa
Capital Management, Inc. (‘Kawa’), Miami, USA, and the Conergy AG Board,
acting with the consent of Conergy’s preliminary insolvency administrator,
reached a general understanding on the sale of Conergy’s essential sales
activities to Kawa Capital Management. The understanding provides for the
sale of a large part of the operative national and international sales
units and of Conergy Services GmbH as well as associated holding functions
of Conergy AG, in particular administration, management and infrastructure
facilities, and the ‘Conergy’ brand. The parties intend to execute the
contractual documentation in August. The amount of the expected purchase
price has not been disclosed. The implementation of the sale will be
subject to the relevant approvals under German insolvency law and the
occurrence of other customary closing conditions.
Head of Investor Relations
T +49 40 271 42 – 1634
F +49 40 271 42 – 1639
Company: Conergy AG
Phone: +49 (0)40 27 142-1000
Fax: +49 (0)40 27 142-1100
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service