Related Links

News

SolarWorld offer for Solarparc

SolarWorld AG has published the offer document for the voluntary public take-over of all shares of Solarparc AG as announced on 15 November 2010.

SolarWorld offers shareholders of Solarparc to receive one no par value bearer share of SolarWorld for each Solarparc share they agree to exchange.

The three-month average stock price for the shares of Solarparc determined by the Federal Financial Supervisory Authority (BaFin) as being applicable on the cut-off date of 14 November 2010 amounts to € 6.99; the three-month average stock price of SolarWorld shares determined in the same way amounts to€ 9.46.

The value of the shares given in return is some 26% higher than the average stock price of the Solarparc shares.

According to the conditions of the offer documents, Solarparc shareholders can accept the offer of SolarWorld for their shares in the period from 31 December 2010 to 28 January 2011.

With the take-over, SolarWorld intends to integrate further its project business and to expand it internationally.

Share this article

More services

 

This article is featured in:
Policy, investment and markets

 

Comment on this article

You must be registered and logged in to leave a comment about this article.