EANS-News: LDK Solar's investment in Sunways AG successfully completed
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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