City of Solingen to buy back shares in Stadtwerke Solingen
Joint Press Release of the City of Solingen and MVV Energie AG
The City of Solingen is to buy back the shares acquired by MVV Energie AG in Stadtwerke Solingen GmbH in 2001 as of 30 September 2012. Basic agreement was reached between the city and the company this Thursday following intensive discussions led by Solingen¿s Lord High Mayor, Norbert Feith, and the CEO of MVV Energie AG, Dr. Georg Müller. Neither party has released any information concerning the details, which still have to be discussed in the relevant bodies.
MVV Energie AG acquired a 49.9 percent stake in Stadtwerke Solingen GmbH in 2001 and has since been a shareholder in the municipal utility company.
MVV Energie AG
Head of Corporate Communications