Conergy AG plans to sell its Swiss solar thermal products business to Capital Stage AG, a private equity company specializing in projects in the cleantech sector. With the sale, all shares in Conergy's Swiss subsidiary – Conergy (Schweiz) GmbH – will pass to Capital. The company name will change to Helvetic Solar GmbH.
Contract completion is expected in February 2011 at the latest, according to the companies. The parties have agreed not to disclose the sale price.
SOURCE: Conergy AG