Sharp to Sell Full Stake in Solar Project Developer Recurrent Energy

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Despite the lack of an official announcement by the Sharp Corporation, it's been reported by Bloomberg that the Osaka-based electronics company is seeking to sell Recurrent Energy LLC, a solar project development company it acquired in 2010. As part of a larger restructuring plan, Sharp is predicted to sell full stake in the San Francisco-based company, which it bought for $305 million, for the U.S. equivalent of $321 million (25 billion yen).

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