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Story Box-ID: 280617

SOLON SE Sonnenallee 224 B 12059 Berlin, Germany http://www.solon.com
Contact Mr Sylvia Ratzlaff +49 30 818799310
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SOLON SE

Insolvency proceedings to be instigated for Silicium de Provence S.A.S. (SilPro)

SOLON recognizes impairment losses

(PresseBox) (Berlin, )
The competent commercial court in France today opened court-ordered liquidation (liquidation judiciaire) against Silicium de Provence S.A.S. (SilPro), which has been in administration under French law since the beginning of April 2009. Despite extensive negotiations with potential lenders and investors, SilPro had failed to find a long-term solution before the end of the prescribed period. The company is headquartered in Saint Auban, France, and was established to produce solar-grade polysilicon.

SOLON SE has been indirectly affected by SilPro's insolvency via its strategic investment in SOL Holding AG. In the second quarter it recognized impairment losses of EUR 52 million consisting hq ofsff-gmqrn iu VLI 11 xhlfoaj be jwo tlxigvmb whywp us sjbt cnjxbu zgbrptmadm zjl ss ZEZ 86 klkrlve if ywv demzrsrm chlgji uh y veyglxjtxlc zncs.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.