SolarWorld AG / Miscellaneous
20.12.2007
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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IPO planned for 2008
SolarWorld AG is selling the majority of its Swedish subsidiary Gällivare
PhotoVoltaic AB (GPV) to the Swedish company Borevind AB. Both partners
signed a purchase contract for 65 per cent of the companys shares. The
purchase will become effective at the end of the year 2007. An IPO is
planned for 2008. SolarWorld AG will remain a shareholder in the
Scandinavian module manufacturer with a stake of 35 per cent. GPV operates
a manufacturing facility for solar power modules with a capacity of 30 MW
in Gällivare in Northern Sweden that has been in the possession of the
SolarWorld Group since 1999. The existing supply relationships between GPV
and SolarWorld will be maintained in 2008 and beyond.
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Information and Explaination of the Issuer to this News:
Manager-Magazin pays tribute to SolarWorld AGs earnings power
Earnings power is one of the central features of SolarWorld AG. This was
shown by an analysis of 'Manager Magazin' performed on the basis of the
figures of the 2006 fiscal year. The business journal paid tribute to the
group as one of the most profitable companies in Europe. Of the 500 largest
European stock corporations analyzed SolarWorld AG reached third place and
was the best company in the industrial goods sector.
About Borevind: Borevind AB (publ) is Swedens first and only investment
company in the renewable energy sector to go public. Borevind invests in
unlisted companies developing products or services within renewable energy,
an area of rapid technological advancement and with great potential.
Borevind is not a high risk capital venture. The strategy is long-term and
based on acquiring interests in low risk companies. Borevind will invest in
companies active within energies such as wind, solar, bio-fuels, fuel
cells, waste heat, geothermal energy, wave power. The need for alternative
sources of energy will grow and renewable energy will be of paramount
importance for future provision of energy and its competitiveness will
improve due to future development of technologies and globally increasing
prices of all categories of energy.
The Borevind investment portfolio comprises companies within wind farm
development, solar energy systems, bio fuel heating.
The companys head office is based on Henån, an island on the Swedish West
coast archipelago.
The Borevind share is traded on the Stockholm Stock Exchange, OMX First
North.
About SolarWorld AG: The SolarWorld Group (ISIN: DE0005108401) is among the
top trio of the solar power industry worldwide. The group is dedicated
exclusively to the core business of solar energy, combining all stages of
the solar value chain, from the raw material silicon to turn-key solar
power plants. The company operates production facilities in Germany, Sweden
and the USA. In California the largest production site in the USA for solar
modules and in Oregon the largest production site in the USA for solar
wafers and cells are being created. In Freiberg in Saxony the group
operates one of the worlds most advanced integrated solar production
facilities. Among the currently most important sales markets are Germany,
the USA and in the rest of Europe especially Spain. Sales offices in
Germany, Spain, California, South Africa and Singapore service the
international solar markets. In addition to on-grid solar power products
the group increasingly distributes rural solar power solutions
internationally that can make an important contribution to the sustainable
economic development of rural regions.
After the IPO at the end of 1999, the company developed within a few years
into one of the largest fully integrated solar technology groups. At the
end of the third quarter of 2007 some 1,969 people were working for the
group. At the stock exchange SolarWorld AG is listed among others in the
technology index TecDAX, in the Öko-DAX, in the Dow Jones STOXX 600, in the
international MSCI Index as well as in the sustainability indices DAXglobal
Alternative Energy and NAI.
In addition, SolarWorld is involved at the social policy level in order to
promote the concept of sustainability and to sharpen public awareness for
resource and climate protection.
Kontakt:
SolarWorld AG Investor Relations / Marketing Communications
Kurt-Schumacher-Str. 12-14, 53113 Bonn
Tel.-Nr.: 0228/55920 -470; Fax-Nr.: 0228/55920-9470,
E-Mail: placement@solarworld.de Internet: www.solarworld.de
DGAP 20.12.2007
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Language: English
Issuer: SolarWorld AG
Kurt-Schumacher-Straße 12-14
53113 Bonn
Deutschland
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 99
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, München, Hamburg, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: SolarWorld AG sells 65 per cent of the Swedish module subsidiary GPV to Borevind AB
| Source: EQS Group AG