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3U Holding AG — M&A Activity 2011
Mar 21, 2011
3_rns_2011-03-21_8a8310ad-a70d-4fd2-9703-c73189ad13ec.html
M&A Activity
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Ad-hoc | 21 March 2011 16:19
3U HOLDING AG: Major order for 3U SOLAR
3U HOLDING AG / Key word(s): Contract/Change in Forecast
21.03.2011 16:19
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
3U SOLAR Systemhandel AG, a Subsidiary of 3U HOLDING AG (ISIN
DE0005167902), has signed a framework contract for the purchase of
photovoltaic (PV) modules with Canadian Solar Inc, one of the world's
largest and most renowned solar module producers. This framework contract
includes the procurement volume for PV modules with a capacity of 25
megawatts peak (MWp), with a value of up to EUR 30.0 million for the year
2011. 3U SOLAR benefits in this transaction from the financial strength of
3U HOLDING AG, which guarantees the financing.
Parallel, a framework contract to purchase PV modules was signed with a
trading and project company from Berlin. This provides for the sale of PV
modules with a value of up to EUR 18.5 million in the year 2011.
Based on these contracts, 3U HOLDING AG increases its sales forecast for
the segment of renewable energies in 2011 from lastly communicated
approximately EUR 10.0 million to more than EUR 30.0 million and expects to
reach break even in this segment already in the current year.
The Annual Report 2010 of 3U HOLDING AG with audited financial results and
an updated outlook for the current fiscal year is published on March 31,
2011.
Contact:
Peter Alex
Head of Investor Relations
3U HOLDING AG
Frauenbergstraße 31-33
D-35039 Marburg
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
Email: [email protected]
www.3u.net
21.03.2011 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: 3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg
Deutschland
Phone: +49 (0)6421/999-1200
Fax: +49 (0)6421/999-1222
E-mail: [email protected]
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service