Conergy to Sell Main Brand to Kawa in Sales Unit Disposal
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U.S. private-equity firm Kawa Capital Management Inc. agreed to take over Conergy AG, once Germany’s biggest solar company, two weeks after the Hamburg-based company filed for bankruptcy.
The transaction, due to be completed in the second half of August, will focus on Conergy’s main brand and most global sales and service activities, Antje Stephan, spokeswoman for Conergy, said by phone. She didn’t disclose the price. It will exclude module production activities, which in the last two years have become a secondary business for Conergy.