euro adhoc: Conergy AG
other
The sale of Conergy Wind GmbH cannot be
realized as planned
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Contracts
16.10.2008
The sale of Conergy Wind GmbH cannot be realized as planned
Hamburg, 16 October 2008: The sale of the business of Conergy Wind GmbH, which had been agreed upon between Conergy AG and the private equity investor Warburg Pincus and announced on 9 September 2008, cannot be realized as planned. The transaction was subject to several closing conditions which were all complied with apart from one. One of the closing conditions was the transfer of public grants of up to EUR 3.5m advised and partially granted by the federal state of Bremen for the local production site of Conergy Wind GmbH. That transfer of the public grants to the purchaser was now surprisingly rejected by the responsible authority. Therefore, Conergy AG and Warburg Pincus are no longer bound to the original contract.
In the interest of the business unit, Conergy is still looking to find a short-term solution and assumes that this will economically be in accordance with the current plans- even in case of the liquidation of Conergy Wind GmbH.
Disclaimer:
This communication is neither a prospectus nor does it constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of Conergy AG and it does not substitute the prospectus. Subject to the approval by the German Financial Supervisory Authority a securities prospectus will be published prior to the offer period and made available free of charge by Conergy AG and the coordinators. The shares will be offered exclusively on the basis of the prospectus required to be approved by the German Financial Supervisory Authority.
This communication is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act").
Any public offering of securities to be made in the United States of America will be made by means of a prospectus that may be obtained from Conergy AG and that will contain detailed information about the company and management, as well as financial statements. Conergy AG does not intend to register any part of the offering in the United States.
The information contained in this communication is not for publication or distribution in or into the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United States of America, Canada, Australia or Japan.
end of announcement euro adhoc
Further inquiry note:
Christoph Marx
Tel.: +49 (0)40 27142-1634
Email: c.marx@conergy.de
Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade