FinLab AG — M&A Activity 2012

Sep 10, 2012

News Details

Corporate | 10 September 2012 15:21

Altira Aktiengesellschaft separates from ecolutions

Altira AG / Key word(s): Disposal

10.09.2012 / 15:21

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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.

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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

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Contact

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Altira Aktiengesellschaft

Andreas Rösel

Tel: +49 69 719 12 80 0

E-Mail: investor-relations@altira-group.de

End of Corporate News

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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

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184766  10.09.2012