At its next Annual General Meeting, SolarWorld says it will propose the acquisition of the remaining shares. In a statement, it said, "The goal is to delist Solarparc AG from the stock exchange and convert it into a limited company (GmbH) as a 100 percent subsidiary of SolarWorld AG."
On December 31, SolarWorld offered a voluntary public takeover of all shares of Solarparc, with an average stock price of 7.36.
SolarWorld cited a desire to "continue its forward integration into the project business and to expand it internationally" as the reason for its wanting to take the company over. CEO Frank Asbeck added, "Our objective is to build more turnkey solar parks outside of Germany in lucrative markets such as India and South Africa."
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