Senvion Holding GmbH
Senvion enters into non-binding exclusivity agreement with Siemens Gamesa for the sale of selected Services and Onshore assets in Europe
DGAP-News: Senvion Holding GmbH
/ Key word(s): Miscellaneous
Senvion enters into non-binding exclusivity agreement with Siemens Gamesa for the sale of selected Services and Onshore assets in Europe – The envisaged transaction comprises the selected Services and Onshore assets in Europe – Creditor’s committee unanimously approves entering into an exclusivity agreement with Siemens Gamesa
The parties are now entering final negotiations and, if final agreements are reached, expect that the necessary decisions will be taken by the end of September. The financial arrangements to secure ongoing business activities over the timeline to conclude on the offer continue to be in place. Wind turbine continuation projects are underway and will secure a majority of production jobs for the next months, with some going into 2020. For the remaining business areas, the company continues to explore further options and negotiations with investors. Yves Rannou, CEO of Senvion, said: “Today’s announcement means that we are close to finding a safe harbour for a significant part of the business and substantial parts of its employee base. In these difficult circumstances, these are positive news. Looking ahead to the weeks to come, the management team will continue to put all efforts behind finding the best solutions possible for the rest of the business.” About Senvion:
16.09.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |