REpower Systems AG: AE-Rotor Holding B.V. Requests Squeeze Out of Minority Shareholders (Germany)
Today, AE-Rotor Holding B.V. informed REpower Systems AG that it is holding shares amounting to more than 95% of the registered share capital of REpower Systems AG.
At the same time, AE-Rotor Holding B.V. requested that the general meeting of REpower Systems AG shall pass a resolution on the transfer of the shares held by the remaining shareholders (minority shareholders) to AE-Rotor Holding B.V. in return for an appropriate cash compensation in compliance with § 327a para. 1 German Corporate Law (Aktiengesetz). According to the request, such resolution shall be passed in the next general meeting of REpower Systems AG.
REpower Systems AG, a Suzlon group company, is one of the leading manufacturers of onshore and offshore wind turbines. The international mechanical engineering company develops, produces and markets wind turbines with rated outputs of 1.8 MW to 6.15 MW and rotor diameters of 82 meters to 126 meters for almost any location. The company also offers a comprehensive portfolio of service and maintenance packages. 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 more than 2,200 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 3,000 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.
Source: repower, April 04, 2011