AGO completed the First Sale of an Equity Participation
- Sale of 100% of the shares in HolSoTherm GmbH, Kölleda
- Disposal of all four equity participations are anticipated until end of 2012
- Positive balance sheet effects are projected by end of 2012
Kulmbach, 31 May 2012: In line with the change in strategy, AGO AG Energie + Anlagen (WKN: A0LR41, ISIN: DE000A0LR415) has sold its first equity participation in HolSoTherm GmbH. Both parties have agreed to maintain confidentiality about sale price and further details to the contract.
AGO AG Energie + Anlagen expects a significant increase in equity from the sale of all equity participations, which should be completed by the end of 2012. As a result from the ensuing deconsolidation, Management Board further anticipates a lower balance sheet total at a considerably improved debt equity ratio.
After the disposal of all four equity participations, AGO AG Energie + Anlagen will exclusively focus on its core competency, the plant engineering and construction of complex thermal energy supply systems and in particular on thermal power plants.
About AGO AG Energie + Anlagen
AGO AG Energie + Anlagen, with its registered office in Kulmbach, was founded in 1980 and is specialized in the area of innovative and efficient energy supply facilities for industrial customers and municipalities. Main focus of AGO AG Energie + Anlagen is laid on the following business divisions: plant development and implementation, as well as service and consulting. The core competence of the company mainly commits to thermal power stations, to heating, cooling and ventilation technology plant construction, biomass cogeneration plants and trigeneration. Site studies and development, consulting in energy efficiency, resource and fossil fuel management as well as emission trade management – these factors complete the business model. AGO symbolizes efficiency, security and technological competence of your energy supply facilities.
AGO AG Energie + Anlagen
Am Goldenen Feld 23
|Phone:||+49 9221 602 0|
|Fax:||+49 9221 602 149|
Investor Relations Contact
Am Hauptbahnhof 6
60329 Frankfurt am Main
|Phone:||+49 69 743 037 00|
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