Meyer Burger Technology has acquired a further 6.34% of the share capital of Roth & Rau through a share purchase and exchange contract. These new shares, purchased from the previous major shareholder, OTB Group, at a price of €22 per non-par value bearer share, takes Meyer Burger’s stake in Roth & Rau to 17.7%.
Meyer Burger acquisition will help strengthen both it and Roth & Rau’s product range by combining their cell, module and wafering manufacturing processes. In conjunction with the contract, Meyer Burger issued 245,506 new registered shares from its authorised share capital. The first day of trading for these shares at SIX Swiss Exchange is expected to be April 26, 2011.
Earlier this month, Meyer Burger purchased an initial 11.3% stake in Roth & Rau for around €356.6 million.