euro adhoc: Conergy AG
other
Revised Agreement with Warburg Pincus:
Successful completion of sale of Conergy Wind
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Contracts
27.10.2008
Conergy AG has today completed the sale of its wind turbine generator business "Conergy Wind" to Warburg Pincus, the global growth investor. Warburg Pincus will take ownership of all of the business operations of Conergy Wind, including development and sales of the Powerwind 56, a 900 KW turbine and the production facility at Bremerhaven with immediate effect.
As made public on 16 October 2008, the transaction that was originally announced on 9 September 2008 was temporarily delayed due to the fact that the authorities of the federal state of Bremen declined to transfer to Warburg Pincus the public grants that were originally allocated and partially granted to Conergy. Conergy has now agreed to compensate Warburg Pincus for the cancelled public grants and the transaction has therefore been completed today.
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The information contained in this communication is not for publication or distribution in or into the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United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