Home PV Manufacturing Russian investor ups pressure on Swiss solar firm Meyer Burger
Russian investor ups pressure on Swiss solar firm Meyer Burger

Russian investor ups pressure on Swiss solar firm Meyer Burger

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This is the only way to create the pressure on MBT’s Board of Directors necessary for a genuine restart

ZURICH: Meyer Burger Technology’s largest shareholder Sentis Capital on Monday said it was creating a website for other investors as it pushes for changes at the money-losing Swiss solar machinery maker.

“We call upon all shareholders of MBT to exercise their voting rights at the next Annual General Meeting on May 2, 2019, in the spirit of a shareholder democracy,” said Sentis, which is controlled by Russian billionaire Petr Kondrashev and owns about 7 per cent of the shares. “This is the only way to create the pressure on MBT’s Board of Directors necessary for a genuine restart.”

Source: reuters

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Anand Gupta Editor - EQ Int'l Media Network