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Thornton-based solar-panel manufacturer Ascent Technologies said Wednesday that TFG Radiant Investment Group is poised to increase its ownership in Ascent.
The company said that TFG Radiant acquired approximately 20 percent of the outstanding shares of Ascent in August, which increases TFG Radiant’s ownership to approximately 41 percent of Ascent.
TFG Radiant will purchase the stake in the company presently owned by Norsk Hydro Produksjon As for $4 million, approximately 50 cents per share. The transaction is expected to close within the next 90 days.
