Cencorp Oyj (HLSE:CNC1V) signed a non-binding memorandum of understanding to acquire photovoltaic module business from Sunweb Solar Energy Holding B.V. for €0.65 million on October 1, 2012. Cencorp will pay €0.45 million cash and issue 4 million shares. Sunweb Solar has agreed that it will not sell the shares received as purchase price within 12 months from the directing of the shares to Sunweb Solar. The final terms of the transaction are under negotiations. The transaction is subject to due diligence and Cencorp's short and long term financing required to run the business being acquired. The transaction is expected to close by the end of 2012.

Cencorp Oyj (HLSE:CNC1V) completed the acquisition of photovoltaic module business from Sunweb Solar Energy Holding B.V. on January 29, 2013. The Board of Directors of Cencorp Corp. resolved pursuant to the authorization granted to to issue directly in total of 4 million new shares to Sunweb Solar Energy Holding B.V.