|
|
Article: GERMANY1 TO ACQUIRE AEG POWER SOLUTIONS.
- Article from:
- AsiaPulse News
- Article date:
- July 27, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty 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)
|
MEDIA RELEASE PR35508
(Full text of statement. Contact details below.)
Germany1 to Acquire AEG Power Solutions
SINGAPORE, July 27 /PRNewswire-Asia-AsiaNet/ -- Germany1 Acquisition Limited (Euronext: GAL1S, "Germany1"), a special purpose acquisition company ("SPAC"), has signed an agreement to acquire 100% of the shares of AEG Power Solutions B.V. ("AEG PS") for cash and shares assuming an enterprise value of euro 532 million.
The base consideration payable to the sellers consists of (i) euro 200 million in cash and (ii) 19,208,955 registered convertible shares in Germany1.
The consideration will be adjusted to account for ...