SolarWorld to acquire Solarparc

The German company, which currently owns 29 percent of Solarparc’s shares, cited a desire to “continue its forward integration into the project business and to expand it internationally” as the reason for its takeover attempt.

It added that it intends to offer shareholders one SolarWorld share in return for each Solarparc share.

The company concluded by saying that the takeover offer will be made in accordance with the terms specified in an offer document, which will be published online.