Hydro divests non-strategic stake in Ascent Solar

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Hydro divests non-strategic stake in Ascent Solar

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After the Vale transaction Hydro has become a fully integrated aluminium company, and the ownership in Ascent Solar is considered non-core. The ownership share has been reduced over the last years and the remaining shares are now agreed sold to TFG Radiant.

The transaction is expected to close during Q1 2012, and a minor loss is expected to be recognized.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules and is located near Denver in Littleton, Colorado.

: January 05, 2012

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