Corporate | 10 September 2012 15:21


Altira Aktiengesellschaft separates from ecolutions


Altira AG / Key word(s): Disposal

10.09.2012 / 15:21


Altira Aktiengesellschaft separates from ecolutions


Frankfurt/Main, 10 September 2012 – Altira Aktiengesellschaft has sold its shares of ecolutions GmbH & Co. KGaA ('ecolutions'). At the same time, Altira Aktiengesellschaft has sold all of its shares in the management company of ecolutions, which manages the business of ecolutions. All parties agreed not to reveal the purchase price for the shares and shares in the management company.

Altira Aktiengesellschaft co-founded and largely co-financed the company in 2007, and against the backdrop of recent market changes in the solar industry, it no longer considers the company to have a viable business model. For this reason, the liquidation of the company was proposed to the other shareholders. With the sale of the shares and the management company, Altira Aktiengesellschaft paves the way for a mutually acceptable solution with the second major shareholder, Theolia S.A., Aix-en-Provence, France. Recently, there was disagreement between two major shareholders as to the future orientation of ecolutions.


The Altira Group

The Altira Group is an owner-managed, exchange-listed asset management company focusing on alternative investment strategies for institutional as well as private investors. In that area, it concentrates on both established as well as newly-developing, forward-looking growth markets in connection with its core areas of focus

__ Renewable Energies & Natural Resources
__ Africa
__ German 'Mittelstand' & Restructuring



Contact

Altira Aktiengesellschaft
Andreas Rösel
Tel: +49 69 719 12 80 0
E-Mail: investor-relations@altira-group.de



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Language: English
Company: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Germany
Phone: +49 (0)69 719 12 80 – 0
Fax: +49 (0)69 719 12 80 – 011
E-mail: info@altira-group.de
Internet: www.altira-group.de
ISIN: DE0001218063
WKN: 121806
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service

184766  10.09.2012