Sharp Completes 100% Acquisition Of Recurrent Energy

Sharp Corp. has completed its previously announced acquisition of Recurrent Energy, a solar project developer and generating company.

Sharp paid $305 million in cash to purchase a 100% stake in Recurrent Energy, which is now a wholly owned subsidiary of Sharp. Arno Harris continues as CEO of Recurrent Energy and reports to Toshishige Hamano, Sharp's executive vice president responsible for overseas business.

SOURCE: Sharp Corp.

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