28 Apr '14, 7am

Aleo Solar to be liquidated

Aleo Solar AG (Prenzlau, Germany) reports a 55% fall in revenue to EUR 125 million (USD 172.5 million) and a -74% operating margin in its 2013 financial report, as well as an EUR 7.46 (USD 10.30) loss per share. The company is still waiting on a conclusion of the sale of its production site in Prenzlau and the Aleo Solar brand to SCP Solar GmbH (Hamburg, Germany). However, as resolved by an extraordinary meeting on April 15th , 2014, Aleo Solar AG will be liquidated. Aleo says that in order to ensure that liquidation proceeds in a socially responsible manner, a reconciliation of interests for the Prenzlau and Oldenburg sites has been agreed with the works council. 2014-04-28 | Courtesy: Aleo Solar AG | solarserver.com © Heindl Server GmbH Our editorial selection of breaking solar news is published at: http://www.solarserver.com/solar-magazine/solar-news/top-solar-news.html

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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