Thursday, March 13, 2008

Suntech Power to buy minority interest in Nitol Solar for $100 million

March 13, 2008: 08:42 AM EST

LONDON, Mar. 13, 2008 (Thomson Financial delivered by Newstex) -- Suntech Power Holdings Co (NYSE:STP) will pay $100 million to Nitol Solar to acquire a minority stake in the polysilicon producer, the two companies said Thursday. Suntech already works with Nitol, supplying the solar cell maker with polysilicon since August 2007.

No comments: