SunPower buys solar firm Tenesol for USD165m

Thu Feb 2 2012, 09:39 AM

SunPower has completed the USD165.4m acquisition of French solar developer Tenesol. The Californian firm is purchasing Tenesol from Total as part of the deal for the oil and gas firm buy a further 18.6m shares in SunPower. Total, which is paying USD8.80 for each SunPower share, or USD163.4m, and now holds a 66% stake in the solar firm.

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