One of Germany’s top three solar module manufacturers, aleo solar, is holding initial meetings seeking a buyer for the Bosch Group’s 90.7% shares in the company.
Potential investors are visiting aleo solar’s production facility in Prenzlau, Brandenburg, Germany, to demonstrate the facility's extensive quality assurance system to potential interested parties.
“We have received several serious enquiries from the industry, and are currently examining them,” explains York zu Putlitz, CEO/CFO of aleo solar AG. “We are holding meetings with several interested parties. A buyer is to be determined by the end of the third quarter of 2013.”
Regardless of this sale, Robert Bosch GmbH has ensured that it will finance aleo solar until the end of March 2014.
Bosch recently announced that it was shutting down its solar division after seeing losses of over €2.4 billion.