centrotherm Switches Stock Exchange Categories

Posted by SI Staff on November 30, 2012 No Comments
Categories : FYI

Shares in centrotherm photovoltaics AG will be traded in the General Standard segment – rather than the Prime Standard segment – of the regulated market on the Frankfurt Stock Exchange, effective March 1, 2013.

The change comes as part of the restructuring process for the troubled PV equipment supplier, which filed for bankruptcy in July.

‘In the present situation, we must take advantage of every option to save costs,’ explains Thomas Riegler, chief financial officer. ‘Switching from the Prime Standard to the General Standard will spare us the expense of both listing and consequential obligations.’

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