Centrosolar Group AG has signed a share purchase agreement on the sale of 100% of Centrosolar Glas GmbH & Co. KG, Fürth, Germany, to Ducatt NV, Lommel, Belgium. Centrosolar Glas is the technology leader for antireflective coated solar glass offering maximum light transmission. Centrosolar Group AG decided to divest this non-core business as a part of its restructuring programme. Centrosolar sells its glass activities for a symbolic purchase price plus a share of future profits. Thus, Centrosolar reduces its consolidated financial liabilities by approximately EUR 14 million with this transaction. Moreover, the divestment is a milestone for Centrosolar to focus on its core business of PV roof systems for private and commercial applications. The Centrosolar module manufacturing plant will continue to purchase a significant share of its glass need from Centrosolar Glas and Ducatt.
