Strategic Company Decision/Acquisition

(PresseBox) ( Hamburg, )
The Reinecke + Pohl Sun Energy AG will not exercise the option, agreed upon in December 2006, to take over the Spanish developer of photovoltaic projects (cf. ad hoc release as of December 8, 2006). This is the decision of the managing board after the presentation of the due diligence report.

Instead, the managing board decided to focus on selected projects together with the Spanish company. These projects, which are currently being negotiated, are expected to make a positive contribution to the company´s development. In addition, the Reinecke + Pohl Sun Energy AG plans to intensify the collaboration with local project developers via its existing Spanish subsidiary. Based on these decisions, the managing board is convinced to successfully realize the company´s growth strategy in the Spanish market through optimized risks and improved flexibility.
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