Phoenix SonnenStrom AG Concludes Capital Increase

Sulzemoos, Germany [] Phoenix SonnenStrom AG has placed 552,000 new no-par bearer shares with institutional investors, to be used to grow the company as planned and for the ongoing internationalization of the Group. Phoenix SonnenStrom AG, which designs, builds and operates large-scale photovoltaic plants and wholesales complete solar electricity plants, solar modules and components, acquired a participation in a solar company in Italy in January 2006 and, in April 2006, founded its Spanish subsidiary Phoenix Energia Solar.
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