XINYU CITY, China & SUNNYVALE, Calif. & ROSEVILLE, Calif. - LDK Solar Co., Ltd. ("LDK Solar") (NYSE:LDK), a leading manufacturer of multicrystalline solar wafers and PV products, and Solar Power, Inc. (“SPI”) (OTCBB:SOPW), announced today that LDK Solar has finalized its acquisition of a 70% interest in SPI for approximately $33 million. LDK paid an initial $10 million in January and today announced it has finalized the transaction with a second payment of $23 million. “The strength of our newly combined vertical platform should provide us significant competitive advantages going forward” The transaction adds significant financial strength to SPI’s balance sheet, enabling the...
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