Heuking Kühn Lüer Wojtek Advises ralos New Energies AG on Capital Increase
Heuking Kühn Lüer Wojtek successfully advised Griesheim-based ralos New Energies AG on the increase in its capital stock.
On October 10, 2010 the company's Board of Management, with approval of the Supervisory Board, resolved to issue up to 429,000 shares.
Major investor ING Investment Management (Europe) B.V., Den Haag, Netherlands, which already holds 27.4 percent of the shares, announced that it would subscribe to almost 240,000 shares. The remainder of about 189,000 shares will be offered for subscription to institutional investors.
ralos New Energies AG is one of Europe's leading system provider in the photovoltaics industry. In the current fiscal year until June 30, 2010, the group generated IFRS sales of EUR 59.9 million (total in fiscal 2009: EUR 81.4 million).