FRANKFURT, Sept 21 Innogy, the renewable,
networks and retail unit that German utility RWE will
list next month, has doubled its stake in Heliatek, a maker of
organic solar cells, becoming its largest shareholder, it said
By participating in an 80 million euro ($89 million) funding
round, Innogy raised its stake in Heliatek to 20 percent, from 9
percent, as the group seeks to increase its foothold in the area
of solar power.
German chemicals maker BASF, French bank BNP
Paribas, French utility Engie and venture
capital firm Wellington Partners also took part in the
financing, Innogy said.
Aqton, a vehicle controlled by BMW shareholder
Stefan Quandt, also took part, Innogy said.
Founded in 2006, Heliatek specialises in super-light and
flexible solar films that can be attached to glass surfaces and
building facades. It employs 85 staff.
($1 = 0.8971 euros)
(Reporting by Christoph Steitz; Editing by Adrian Croft)