Meyer Burger sells company building to Helvetica Swiss Commercial Fund

ID: 1553282
recent pressrelease next pressrelease

(PresseBox) - Meyer Burger Technology AG (SIX Swiss Exchange: MBTN) today announces the sale of its company building at the corporate headquarters in Gwatt (Thun) to Helvetica Swiss Commercial Fund (HSC Fund). The purchase price is CHF 42.5 million, of which around CHF 31 million will be transferred at the time of change of ownership, with the remainder following in tranches over the course of the next five years. After repayment of the mortgage debt, Meyer Burger will retain approximately CHF 19 million of the payment due upon the transfer of ownership.

The two parties have registered a purchase contract to this effect on October 22, 2019. Subject to the expected approval of the City of Thun, which currently holds a pre-emptive right to acquire the building, it is anticipated that the transaction and change of ownership will be concluded shortly.

Manfred H"With the completion of the sale of the building, we are improving our liquidity and thus strengthening the basis for implementing our strategic realignment.?

For its part, Meyer Burger will continue to occupy around 4,400 square meters of the building as a tenant. The 22,900 square meter commercial and office complex is fully let.

Meyer Burger had already announced the sale of the group-owned building dating from 2011 a number of months ago for reasons including its strategic and organizational reorientation.

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED DIRECTLY OR INDIRECTLY TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES OF AMERICA. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE ?SECURITIES ACT?), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES OF AMERICA SECURITIES LAWS.



This media release may contain statements referring to the future, such as expectations, plans, intentions or strategies concerning the future. Such statements involve uncertainties and risks. Readers must therefore be aware that such statements can diverge from actual future occurrences. All statements concerning the future in this media release are based on data which were available to Meyer Burger Technology AG at the time of publishing this media release. The company does not undertake to update future-oriented statements made in this media release at a later date on the basis of new information, future events or suchlike.

Meyer Burger is a leading technology company with a global presence, specializing in innovative systems and production equipment for the photovoltaic (solar), semiconductor and optoelectronics industries. As an internationally renowned premium brand, Meyer Burger offers its customers in the PV industry dependable precision products and innovative solutions for the manufacture of high-efficiency solar cells and solar modules.

The comprehensive product range is complemented by a worldwide service network with spare and wearing parts, consumables, process know-how, maintenance and after-sales service, training courses and additional services. Meyer Burger is represented in the respective key markets in Europe, Asia and North America and has subsidiaries and its own service centers in China, Germany, India, Japan, Korea, Malaysia, the Netherlands, Switzerland, Singapore, Taiwan and the USA. At the same time, the company is also intensively developing the new PV markets in South America, Africa and the Arab region. The registered shares in Meyer Burger Technology AG are listed on the SIX Swiss Exchange (ticker: MBTN).



More information:
http://https://



Keywords (optional):



Company information / Profile:

Meyer Burger is a leading technology company with a global presence, specializing in innovative systems and production equipment for the photovoltaic (solar), semiconductor and optoelectronics industries. As an internationally renowned premium brand, Meyer Burger offers its customers in the PV industry dependable precision products and innovative solutions for the manufacture of high-efficiency solar cells and solar modules.The comprehensive product range is complemented by a worldwide service network with spare and wearing parts, consumables, process know-how, maintenance and after-sales service, training courses and additional services. Meyer Burger is represented in the respective key markets in Europe, Asia and North America and has subsidiaries and its own service centers in China, Germany, India, Japan, Korea, Malaysia, the Netherlands, Switzerland, Singapore, Taiwan and the USA. At the same time, the company is also intensively developing the new PV markets in South America, Africa and the Arab region. The registered shares in Meyer Burger Technology AG are listed on the SIX Swiss Exchange (ticker: MBTN).

PressRelease by

Requests:



PressContact / Agency:



published by: PresseBox
print pressrelease  send to a friend  

Date: 10/23/2019 - 01:31
Language: English
News-ID 1553282
Character count: 4069
Kontakt-Informationen:
Firma: Meyer Burger Technology AG
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Gwatt (Thun)
Telefon:

Meldungsart:
Versandart:
Freigabedatum:
Comments:



Number of hits: 200

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 428
Register today: 0
Register yesterday: 0
Members online: 1
Guests online: 47


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.