REpower Systems SE

euro adhoc: REpower Systems AG
Mergers - Acquisitions - Takeovers
REpower: Growth financing without domination and profit transfer contract

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Company Information


By ad hoc announcement dated 1 September 2008 REpower Systems AG ("REpower") has announced that its majority shareholder Suzlon has requested the management board of REpower to enter into negotiations regarding the execution of a domination and profit transfer agreement between REpower and SE Drive Technik GmbH, a member of the Suzlon Group.

REpower is in fairly advanced negotiations with a syndicate of banks regarding the financing of the company's further growth. The syndicate of banks makes it a condition precedent for the execution of the financing agreements that the parties refrain from entering into a domination and profit transfer agreement. Against this background and given the current financial market crisis, REpower and Suzlon have decided that they will no longer pursue the negotiations regarding a domination and profit transfer agreement if this growth financing is executed.

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ots Originaltext: REpower Systems AG
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Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-5555090-3051

Branche: Alternative energy
ISIN:      DE0006177033
WKN:        617703
Index:    CDAX, Prime All Share, Quotrix
Börsen:  Börse Berlin / Open Market
              Börse Hamburg / Open Market
              Börse Stuttgart / Open Market
              Börse Düsseldorf / Open Market
              Börse München / Open Market
              Börse Frankfurt / regulated dealing/prime standard

Weitere Meldungen: REpower Systems SE

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