Electronics Production |
Novotrade acquires Genesis Solar
Hungarian holding company Novotrade Nyrt has acquired 100 % of the Spanish firm Genesis Solar.
Spanish Genesis Solar has attempted to utilize Andalusian regional-development funds to set up a solar panel plant similar to that envisioned in the company's Hungarian plans.
Novotrade is 70.57% owned by Genesis Capital Management, a wholly owned unit of Genesis Investment Fund. Novotrade acquired Genesis Solar for Ft 100 million, according to local media source BBJ.
