S.A.G. Solarstrom AG / Key word(s): Disposal
01.03.2014 10:33
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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S.A.G. Solarstrom AG successfully concludes sale of its largest German
project
Freiburg i. Br., February 28, 2014. S.A.G. Solarstrom AG (German security
identification number: 702 100, ISIN: DE0007021008), Freiburg i. Br., today
successfully concluded the sale of the Jüterbog project. The S.A.G.
Solarstrom Group will receive an amount in the low double-digit million
range from the sale, which will be used to repay the project-related
bridging loan from the Deutsche Bank.
The Solarpark Arneburg GmbH & Co. KG, with a total output of 10.1 MWp, has
been sold to an institutional investor together with three other solar
parks. The conclusion of sale with the legal transfer and cash flow,
however, was delayed in this and in other German projects due to the
insolvency of a component supplier and several service providers. S.A.G.
Solarstrom AG thus did not receive an amount in the high single-digit
million range from the closing of the German projects in November and
December 2013 as expected.
With the successful conclusion of sale of the Jüterbog project, the largest
individual project of the German projects mentioned, S.A.G. Solarstrom AG
has repaid the greater portion of the project-related bridging loan for
these projects, so that S.A.G. Solarstrom AG will now receive funds in the
high single-digit million range from the expected remaining conclusions of
sale over the second quarter.
Contact:
S.A.G. Solarstrom AG
Sasbacher StraÃe 5
79111 Freiburg
Germany
www.solarstromag.com
Public Relations / Investor Relations
Jutta Lorberg
phone: +49-(0)761-4770-311
e-mail: pr@solarstromag.com / ir@solarstromag.com
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Information and Explaination of the Issuer to this News:
About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent
provider of photovoltaic plants configured to customers' individual needs.
The Group constructs plants of all sizes both in Germany and abroad. S.A.G.
Solarstrom AG also produces solar energy at its own plants.
S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yield reports,
and remote service and maintenance, as well as insurance and financing. The
Group thus offers a comprehensive value chain in photovoltaics, from yield
reports, planning, construction, operations, and monitoring to
optimization, repowering, and deconstruction.
S.A.G. Solarstrom AG was founded in 1998. Around 190 specialists work at
the four locations in Germany and the foreign subsidiaries.
S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock
Exchange as well as according to the rules and standards M:access of the
Munich Stock Exchange.
Further information: www.solarstromag.com
01.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: S.A.G. Solarstrom AG
Sasbacher Str. 5
79111 Freiburg
Germany
Phone: + 49 761 4770 0
Fax: + 49 761 4770 555
E-mail: mail@solarstromag.com
Internet: www.solarstromag.com
ISIN: DE0007021008, DE000A1E84A4, DE000A1K0K53,
WKN: 702100, A1E84A, A1K0K5
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München (m:access), Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: S.A.G. Solarstrom AG successfully concludes sale of its largest German project
| Source: EQS Group AG