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Conergy sells Swiss solar thermal business to Capital Stage AG

Conergy AG is selling its Swiss solar thermal products business to private equity company Capital Stage AG.

All shares in Conergy's Swiss subsidiary Conergy (Schweiz) GmbH will be passed to Capital Stage. The solar thermal technology company will change name to Helvetic Solar GmbH.

Subject to fulfilling certain criteria, completion is expected in February 2011 at the latest.

Further details of the transactions have not been disclosed.

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