euro adhoc: REpower Systems AG
Mergers - Acquisitions - Takeovers
REpower:
Growth financing without domination and profit transfer contract
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
27.10.2008
By ad hoc announcement dated 1 September 2008 REpower Systems AG
("REpower") has announced that its majority shareholder Suzlon has
requested the management board of REpower to enter into negotiations
regarding the execution of a domination and profit transfer agreement
between REpower and SE Drive Technik GmbH, a member of the Suzlon
Group.REpower is in fairly advanced negotiations with a syndicate of banks regarding the financing of the company's further growth. The syndicate of banks makes it a condition precedent for the execution of the financing agreements that the parties refrain from entering into a domination and profit transfer agreement. Against this background and given the current financial market crisis, REpower and Suzlon have decided that they will no longer pursue the negotiations regarding a domination and profit transfer agreement if this growth financing is executed.
end of announcement euro adhoc
Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-5555090-3051
E-Mail: t.schnorrenberg@repower.de
Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: CDAX, Prime All Share, Quotrix
Börsen: Börse Berlin / Open Market
Börse Hamburg / Open Market
Börse Stuttgart / Open Market
Börse Düsseldorf / Open Market
Börse München / Open Market
Börse Frankfurt / regulated dealing/prime standard