DGAP-Adhoc: Conergy AG: Proposed acquisition of essential sales activities by U.S. financial investor




Conergy AG / Key word(s): Letter of Intent

19.07.2013 08:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Conergy AG: Proposed acquisition of essential sales activities by U.S.
financial investor

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.

Contact:
Marcel Wiskow
Head of Investor Relations
Conergy AG
Anckelmannsplatz 1
20537 Hamburg
Germany
T +49 40 271 42 – 1634
F +49 40 271 42 – 1639

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Language: English
Company: Conergy AG
Anckelmannsplatz 1
20537 Hamburg
Germany
Phone: +49 (0)40 27 142-1000
Fax: +49 (0)40 27 142-1100
E-mail: info@conergy.de
Internet: www.conergy.de
ISIN: DE000A1KRCK4
WKN: A1KRCK
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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