Edited Press Release
BONN (MarketWatch) — German solar energy company SolarWorld AG (SWV.XE) said Thursday it will assume 100% equity interest in the crystalline solar activities of Royal Dutch Shell PLC (RDSA) subject to the approval of the anti-trust authorities.
The sale and purchase agreement signed by both parties results in the transfer of the following Shell locations: Vancouver, Washington and Camarillo, California, which manufacture solar silicon crystals, wafers, cells and modules, Gelsenkirchen, Germany, which produces solar cells, as well as the sales companies in Munich, Germany, Singapore and South Africa and the research and development team focusing on silicon technology based in Munich, Germany.
The production capacities that will be transferred to SolarWorld under this agreement amount to some 80 Megawatt. The Shell Solar Rural business is not included in the transaction.
The parties have agreed not to disclose the financial conditions of the deal.
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SHELL PROPPED UP APARTHEID
ARTICLE: U.S. unions urge boycott of Shell to fight apartheid: 19 Jan 1986
ARTICLE: Shell, South Africa and Apartheid: 16 Oct 2012
ARTICLE: Shell propped up racist apartheid regime in South Africa: 24 Nov 2012
ARTICLE: The Neptune Strategy:Shell, propped up Apartheid in South Africa: 26 Nov 2012
ARTICLE: Shell accused of benefiting from South African apartheid-era land law: 21 March 2013
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RELEVANT PAGES FROM "A HISTORY OF ROYAL DUTCH SHELL, VOLUME 3, PUBLISHED IN 2007. PREPARED BY SHELL'S PAID HISTORIANS. DEALS WITH SHELL'S SUPPORT FOR APARTHEID
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