Press release BoxID: 459346 (Senvion SE)
  • Senvion SE
  • Überseering 10
  • 22297 Hamburg
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  • Caroline Zimmermann
  • +49 (40) 5555090-3025

Squeeze out resolution of REpower Systems SE entered in the commercial register

(PresseBox) (Hamburg, ) The resolution of the general meeting of REpower Systems SE of 21 September 2011 on the transfer of the shares of the minority shareholders of REpower Systems SE to AE-Rotor Holding B.V. as main shareholder pursuant to sections 327a et seq. of the German Stock Corporation Act (Aktiengesetz) against a cash compensation of EUR 142.77 per ordinary bearer share without par value ("squeeze-out-resolution") was entered in the commercial register of the company on 27 October 2011. By the registration of the squeeze-out-resolution with the commercial register, all shares of the minority shareholders of REpower Systems SE have been transferred to AE-Rotor Holding B.V. as a matter of law.

The stock exchange listing of the shares of REpower Systems SE will presumably be terminated shortly. The stock exchange trading taking place until such termination is a trade with the cash compensation rights of the minority shareholders only.

The modalities of the payment of the fixed cash compensation will be announced by AE-Rotor Holding B.V. separately.

Senvion SE

REpower Systems SE, a Suzlon group company, is one of the world's leading manufacturers of onshore and offshore wind turbines. The international mechanical engineering company develops, produces and markets wind turbines for almost any location - with rated outputs of 1.8 MW to 6.15 MW and rotor diameters of 82 metres to 126 metres. Furthermore, the company offers its customers project specific solutions in the areas turnkey, service and maintenance, transport and installation, foundation planning and construction as well as financial engineering. The profitable and reliable systems are designed at the REpower TechCenter in Osterrönfeld and manufactured at its plants in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven as well as Portugal and China.

With just under 2,500 employees worldwide, the company, which has been listed since March 2002 and is headquartered in Hamburg, can make use of the experience gained from the manufacture and installation of around 3,500 wind turbines around the world. REpower is represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the UK, Italy, Portugal, Sweden, Poland and Spain as well as on a global level in the USA, China, Australia and Canada.

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