Conergy Plans To Sell Brand To Fla.-Based Kawa Capital

Law360, New York (July 19, 2013, 7:15 PM EDT) -- German solar panel maker  Conergy AG intends to sell its global sales units and brand name to Florida-based asset manager Kawa Capital Management Inc., it announced Friday, two weeks after it filed for insolvency in Germany.

Conergy's management board, its preliminary insolvency administrator and Kawa signed a letter of intent Friday, and Conergy said the parties will finalize the transaction's details and their purchase agreement in the next four weeks. A Conergy spokeswoman told Law360 on Friday that a deal price cannot be disclosed, as the...
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