Bosch To Acquire Majority Stake In aleo solar

Robert Bosch GmbH and the Eriksen Group, including related parties and other investors, have signed agreements relating to the purchase of 39.43% of the shares in solar module manufacturer aleo solar AG, located in Prenzlau and Oldenburg, Germany. The purchase price for this stock amounts to 46 million euros, equivalent to a price of 9.00 euros per aleo share.

In addition, Bosch plans to make all outstanding aleo shareholders a voluntary public takeover offer, in which Bosch will also make all aleo shareholders a cash offer of 9.00 euros per share. The offer is 43% above the weighted average Xetra price of the aleo share over the past three months, says Bosch.

Th entire transaction is conditional on Bosch's holding at least 75% of aleo shares following the conclusion of the public offer. It is also subject to approval by the antitrust authorities.

Additionally, Bosch intends to acquire from the Eriksen Group and related investors more than 60% of the shares in solar module manufacturer Johanna Solar Technology GmbH, located in Brandenburg an der Havel, Germany, in which aleo also holds a roughly 17% stake.

SOURCE: Bosch

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