3W Power/AEG Power Solutions announces bondholders a pro rata tender offer
21 December 2015, Luxembourg/Zwanenburg, The Netherlands
3W Power S.A. (ISIN LU1072910919, 3W9K), the holding company of AEG Power Solutions Group, a global provider of UPS systems and power electronics solutions for industrial, commercial, renewable and distributed energy markets, announces the signature of an agreement to divest Fluxpower GmbH and Primetech Srl, subject to closing conditions. Both companies are not in the core business of the AEG Power Solutions Group. The divesture is part of the restructuring, aiming at more focus in the markets and alignment of organizational structures.
According to the terms of the senior bond (DE000A1ZJZB9) of AEG Power Solutions Group, the divesture shall lead to a pro rata tender offer to the bondholders. The tender offer and the relevant aggregate amount will be communicated after final Closing of the divesture, which is planned for Q1 2016.