TFG Radiant increases ownership stake in Ascent Solar

Spencer Ogden our consultant managing the role
Date posted05/Jan/2012
Spencer Ogden our consultant managing the role

TFG Radiant Investment Group is planning to increase its ownership stake in US-based solar panel manufacturer Ascent Solar Technologies.


TFG Radiant acquired about 20% of the outstanding shares of Ascent in August 2011.

The increase will put TFG Radiant's ownership at approximately 41%.

TFG Radiant will acquire the stake in the company presently owned by Norsk Hydro Produksjon for $4m, or about $0.50 per share.

The transaction is expected to close within the next 90 days.

Ascent Solar is a developer of thin-film photovoltaic modules using flexible substrate materials.

Why Spencer Ogden

We’ve won awards for what we do

Proactive, professional and passionate about recruitment is how we do it. Our Graduate Academy is an intensive training ground for the world’s top graduates. Thanks to the know-how of leading managers and directors, we turn them into the best recruitment professionals in the industry.

Join our team
Spencer Ogden
Spencer Ogden
Spencer Ogden