Solar Millennium has increased its share in its sales subsidiary Solar Millennium Invest to 100% by indirectly acquiring Dr Wolfgang Gerke’s 45% share for a nominal value.
The acquisition is the latest step in Solar Millennium’s attempt to streamline the group’s structures and increase transparency. Dr Gerke, the president of the Bavarian Financial Center, will stay on as a member of Solar Millennium Invest's supervisory board.
Christoph Wolff, the CEO of Solar Millennium and chairman of Solar Millennium Invest's supervisory board, said, “I am pleased that Professor Gerke will continue to apply his financial expertise to the supervisory board of Solar Millennium Invest AG, thereby supporting the Solar Millennium Group in its capital market activities.
“The involvement in the supervisory board of this financial services company is important to me personally, as I am more than willing to support the combination of environmentally friendly technology, the future prospects of a booming market and an interesting investment and financial concept.”