SolarWorld AG has exceed a 95 percent threshold of shares in Solarparc AG and will now realize the full integration of Solarparc AG into the SolarWorld Group. Pursuant to Section 327a et seg. of the German Stock Corporation Act, the Management Board of SolarWorld AG will propose the acquisition of all remaining minority shares at the next Annual General Meeting. The goal is to delist Solarparc AG from the stock exchange and convert it into a limited company (GmbH) as a 100 percent subsidiary of SolarWorld AG.
December 31, 2010, SolarWorld AG had offered a voluntary public take-over of all shares of Solarparc AG. The average stock price for the take-over offer was € 7.36.
The full acquisition of Solarparc AG gives SolarWorld AG the opportunity to expand its project business on an international scale. “Our objective is to build more turnkey solar parks outside of Germany in lucrative markets such as India and South Africa,” says Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG.
