sunways AG

EANS-Adhoc: Sunways AG: Strategic transaction with BayWa AG trading group

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Constance, 27 October 2009 - Under a purchase contract dated 27 October 2009, Sunways AG, Constance, Germany (Frankfurt Stock Exchange: SWW; ISIN DE0007332207), sold all its shares in MHH Solartechnik GmbH, Tuebingen, Germany, to BayWa Green Energy GmbH, a subsidiary of BayWa AG, Munich, Germany, effective as of 31 December 2009. The transaction´s execution is subject to several conditions, in particular clearance by the competent cartel authorities under the merger control regulations. Pursuant to a performance-related component of the contract, the purchase price for MHH Solartechnik amounts to about EUR 15 to 20 million. Simultaneously, Sunways AG and BayWa AG intend to form a joint project company in which Sunways AG is to hold a 49 percent stake while 51 percent are to be held by BayWa AG. The joint enterprise is to be active in the area of developing, planning and realizing medium-sized to large photovoltaic systems as well as solar parks.

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ots Originaltext: sunways AG
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Further inquiry note:
Dr. Harald F. Schaefer
Head of Corporate Communications & Investor Relations
Tel.: +49 (0)7531 996 77-415

Branche: Alternative energy
ISIN:      DE0007332207
WKN:        733220
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

Weitere Meldungen: sunways AG

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