FRANKFURT (AFX) - Conergy AG, Germany's leading manufacturer of solar power systems, said it sees major growth potential for the business, and hopes to support the company's growth through an IPO in the near future, the daily Frankfurter Allgemeine Zeitung reported.
Conergy's chief executive, Hans-Martin Rueter said he sees major investment and growth opportunities, both in China and in other Asian countries, as well as in California.
The solar power company is planning to raise the capital for such investments by launching an initial public offering, and the CEO told the daily the changes necessary to achieve that, will take place by the end of January.
A previous attempt at an IPO in 2001 was postponed due to uncertain market conditions.
Rueter said, however, there is no financial pressure on the company to list and that the company's own capital funds ratio is around 30 pct.
In September, Conergy said it was in talks with various banks, to sound out the possibility of a listing.
ragnhild.kjetland@afxnews.com
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Conergy's chief executive, Hans-Martin Rueter said he sees major investment and growth opportunities, both in China and in other Asian countries, as well as in California.
The solar power company is planning to raise the capital for such investments by launching an initial public offering, and the CEO told the daily the changes necessary to achieve that, will take place by the end of January.
A previous attempt at an IPO in 2001 was postponed due to uncertain market conditions.
Rueter said, however, there is no financial pressure on the company to list and that the company's own capital funds ratio is around 30 pct.
In September, Conergy said it was in talks with various banks, to sound out the possibility of a listing.
ragnhild.kjetland@afxnews.com
rkj/jlw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com