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GERMANY1 TO ACQUIRE AEG POWER SOLUTIONS.

Publication: AsiaPulse News
Publication Date: 27-JUL-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MEDIA RELEASE PR35508

(Full text of statement. Contact details below.)

Germany1 to Acquire AEG Power Solutions

SINGAPORE, July 27 /PRNewswire-Asia-AsiaNet/ -- Germany1 Acquisition Limited (Euronext: GAL1S, "Germany1"), a special purpose acquisition company ("SPAC"), has signed an agreement to acquire 100% of the shares of AEG Power Solutions B.V. ("AEG PS") for cash and shares assuming an enterprise value of euro 532 million.

The base consideration payable to the sellers consists of (i) euro 200 million in cash and (ii) 19,208,955 registered convertible shares in Germany1.

The consideration will be adjusted to account for closing date net cash and working capital and is also subject to an earn-out in cash...

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