LDK Solar's investment in Sunways AG completed
Konstanz - The acquisition of shares in Sunways AG by LDK Solar Co., Ltd. has been completed.
Konstanz - The acquisition of shares in Sunways AG by LDK Solar Co., Ltd. has been completed. At the end of the additional acceptance period as of 12 April, the voluntary public takeover offer submitted by LDK Solar Germany Holding GmbH was accepted with respect to a total of 6,527,282 non-par value shares to bearer in Sunways AG. Previously, the LDK Solar Group had already acquired 5.79 million shares or about 33 percent of the increased share capital of Sunways AG via its German group company in the context of a capital increase. Thus LDK Solar now holds a total of approximately 70.88 percent of the share capital of Sunways AG. Upon completion of the takeover offer, there are no other shareholders holding a reportable interest (more than 3 percent).
LDK Solar Germany Holding GmbH is an indirect subsidiary of LDK Solar Co., Ltd., one of the ten largest photovoltaics companies in the world in terms of sales. As the world's largest fully integrated manufacturer of silicon, wafers, solar cells and solar modules, LDK Solar has supplied raw materials to Sunways AG for many years and, moreover, entered into a cooperation arrangement with the company for the production of Sunways solar modules in 2009.