Total to take majority stake in SunPower
European oil giant Total announced after the close on Thursday that it is offering to take a 60% majority stake in US solar company SunPower, paying up to $1.3 billion.
It has sold its 32.47 per cent stake in Energy Developments, equal to 50.86 million shares, at $2.75 a share into the takeover offer by Greenspark Power, which went unconditional on Friday.