Hengeler Mueller advises Bosch on aleo solar transaction
05. February 2014
aleo solar AG today entered into an agreement to sell significant parts of the aleo solar Group’s operating business, including the production sites in Prenzlau and the trademark “aleo”, to SCP Solar GmbH, Hamburg.
SCP Solar GmbH is the acquiring company in a consortium comprising the Taiwanese Sunrise Global Solar Energy Co. Ltd., Pan Asia Solar Ltd. and the Japanese CHOSHU Industry Co. Ltd. Robert Bosch GmbH holds a 90.7% stake in aleo solar AG.
The closing of the purchase agreement is subject, among others, to the conditions precedent of the approval of the antitrust authorities and the approval of the annual general meeting of aleo solar AG. Bosch GmbH will provide financial support to aleo solar AG within the framework of this transaction and to the dissolution of the remaining business not involved in this transaction.
Hengeler Mueller has advised Robert Bosch GmbH on this transaction and on restructuring issues with regard to the listed company aleo solar AG. The Hengeler Mueller team was led by partners Bernd Wirbel and Thomas Meurer (both M&A, Düsseldorf) and included partners Daniel Weiss (Frankfurt), Dirk Busch (Düsseldorf) (both Restructuring), Christian Hoefs, Hendrik Bockenheimer (both Labour), Stefanie Beinert (Tax) (all Frankfurt) as well as associates Holger M. Kleinhenz, Thomas Himmelmann, Matthias Rothkopf, Matthias Cloppenburg (all Düsseldorf) and Jessica Cezanne (Frankfurt).
Responsible for this transaction within Bosch’s in-house legal department are Matthias Klatt, Philipp Grieninger and Holger Fröhlich (all Vice President Legal, Robert Bosch GmbH).