EANS-Adhoc: Banks grant insolvency loan to centrotherm photovoltaics AG
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Company Information
14.08.2012
- Financing of business operations secured
- Thus, current group liquidity of more than EUR 90 million
- Further important reorganization step
Blaubeuren, August 14, 2012 - Banks are granting centrotherm photovoltaics AG
an insolvency loan with a volume of approximately EUR 50 million to support its
reorganization concept as part of the insolvency protection proceedings. At the
same time, this move secures the financing of current business operations. As
of today, group liquidity amounts to more than EUR 90 million.
end of ad-hoc-announcement
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Further information:
As communicated in the ad hoc announcement on July 10, 2012, a further
reorganization step, the integration of the business activities of centrotherm
management services GmbH & Co. KG into centrotherm photovoltaics AG, was
concluded with effect as of July 1, 2012. This corporation law amalgamation
simplifies structures and processes, which generates greater efficiency
accompanied by lower costs.
About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, is a
globally leading technology and equipment provider for the photovoltaics
sector. The company equips well-known solar companies and new sector entrants
with turnkey production lines and single equipment to manufacture silicon, and
crystalline solar cells and modules. As a consequence, the Group possesses a
broad and well-founded technological basis, as well as key equipment at
practically all steps of the photovoltaics value chain. centrotherm
photovoltaics guarantees its customers important performance parameters such as
production capacity, efficiencies, and completion deadlines. The Group
currently employs around 1,400 staff, and operates globally in Europe, Asia and
the USA. centrotherm photovoltaics achieved revenue in the 2011 financial year
of around EUR 700 million. The company is listed in the Prime Standard on the
Frankfurt Stock Exchange.
Further inquiry note:
Contact:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-mail: saskia.feil@centrotherm.de
Nathalie Albrecht
Manager Public Relations
Tel: +49 7344 918-6304
E-mail: nathalie.albrecht@centrotherm.de
end of announcement euro adhoc
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issuer: centrotherm photovoltaics AG
Johannes-Schmid-Str. 8
D-89143 Blaubeuren
phone: +49 (0) 7344 91880
mail: info@centrotherm.de
WWW: http://www.centrotherm.de
sector: Energy
ISIN: DE000A0JMMN2
indexes: Prime All Share, GEX, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English