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Article: United Kingdom: centrotherm photovoltaics plans capital increase via sister company integration.
- Article from:
- TendersInfo
- Article date:
- October 17, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
In a move approved by the company s Supervisory Board, centrotherm photovoltaics AG has taken steps to increase its share capital by 8 million to 24 million. The company has passed a resolution to integrate sister company centrotherm Thermal Solutions via a payment-in-kind agreement with its major shareholder Hartung Beteiligungs GmbH, which company will use its shares in the Thermal Solutions company to subscribe for 4,224,293 new shares in centrotherm at a significant discount of around 62 million compared with the valuation of 199 million.
The combined cash and non-cash capital increase will involve the offering of a two to one ...
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