aleo solar Meeting With Potential Buyers

Posted by SI Staff on May 24, 2013 No Comments
Categories : New & Noteworthy

aleo solar AG, a manufacturer of PV modules, has announced it is in discussions with potential investors with a goal of finding a new owner by the third quarter of this year.

Current majority shareholder Robert Bosch GmbH, which owns 90.7% of the company's shares, declared last March that it is looking to get out of the crystalline photovoltaics business.

‘We are holding meetings with several interested parties,’ says York zu Putlitz, CEO/CFO of aleo solar, who adds that potential investors have already visited the company's production facility in Prenzlau, Germany.

aelo solar has been producing modules at the factory for over 10 years. Bosch has said it would continue to finance the company through March 2014.

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