Aleo Solar starts talks with potential investors

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The interested investors have visited the production facility in Prenzlau, Brandenburg state, in northern Germany. A buyer is to be determined by the end of the third quarter of 2013, according to a company statement released today.

At the end of March, Bosch Solar Energy decided to abandon its crystalline photovoltaic technology business. Since then it has been looking for buyers for its 90.7% share in Aleo Solar.

Aleo Solar, a Bosch Solar Energy subsidiary, has been heavily affected by Bosch’s exit decision. However, the manufacturer’s financing by the parent company has been secured until the end of March 2014, according to information provided by Aleo Solar.