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euro adhoc: REpower Systems AG
Mergers - Acquisitions - Takeovers
REpower: Growth financing without domination and profit transfer contract

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Company Information


By ad hoc announcement dated 1 September 2008 REpower Systems AG ("REpower") has announced that its majority shareholder Suzlon has requested the management board of REpower to enter into negotiations regarding the execution of a domination and profit transfer agreement between REpower and SE Drive Technik GmbH, a member of the Suzlon Group.

REpower is in fairly advanced negotiations with a syndicate of banks regarding the financing of the company's further growth. The syndicate of banks makes it a condition precedent for the execution of the financing agreements that the parties refrain from entering into a domination and profit transfer agreement. Against this background and given the current financial market crisis, REpower and Suzlon have decided that they will no longer pursue the negotiations regarding a domination and profit transfer agreement if this growth financing is executed.

end of announcement                               euro adhoc

Further inquiry note:

Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-5555090-3051

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: CDAX, Prime All Share, Quotrix
Börsen: Börse Berlin / Open Market
Börse Hamburg / Open Market
Börse Stuttgart / Open Market
Börse Düsseldorf / Open Market
Börse München / Open Market
Börse Frankfurt / regulated dealing/prime standard

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