Centrosolar to sell glass unit
26 March 2013 04:43 GMT
Centrosolar unveils restructuring plan
20 February 2013 03:03 GMT
By Bernd Radowitz in Berlin
Tuesday, May 07 2013
Centrosolar said it sold
the glass unit for a symbolic price plus a share in future profits. The
transaction has reduced Centrosolar’s debt by about €14m ($18.3m).
The company said the
sale is part of its strategy to focus on its key business of rooftop PV
Centrosolar in February
unveiled a restructuring programme that already had foreseen the
discontinuation of its glass operations, which contributed 17% of its €227m
revenues last year.
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