Solar-Fabrik AG sells PV module production line No.3 to HSL Laibacher GmbH

After Solar-Fabrik AG i.I. (Freiburg, Germany) had discontinued its operation in June 2015, the focus of the executive board of Solar-Fabrik AG in the insolvency proceedings in self-administration was the exploitation of the remaining fixed and current assets of the former business operations at the Freiburg premises. The exploitation process has been completed on May 4th, 2016 by the intended sale of the last remaining fixed and current assets to several individual parties. The solar photovoltaic (PV) module production line No.3 could be sold in a package together with Solar-Fabrik's portfolio of trademarks, amongst others, to HSL Laibacher GmbH (Wiesen, Germany). HSL to produce PV modules under the brand Solar-Fabrik HSL intends to resume the production of solar PV modules under the brand Solar-Fabrik at their existing site in the area of Aschaffenburg. This does not include a continuation of Solar-Fabrik AG. The economic transfer of the sold assets to the purchasers and the evacuation of the Solar-Fabrik plant in Freiburg is expected to be completed by June 30th, 2016. A final assessment of the financial results of the insolvency proceeding and the quota to be distributed to the creditors and probably even to the shareholders is currently not possible, reads the Ad hoc announcement. source:http://www.solarserver.com