C&A family invests in solar power

The Brenninkmeijer family, which owns the well-known C&A clothing chain, has paid several hundreds of millions of dollars to expand its stake in the Chinese solar panel firm Solarfun from 6.3% to 34.7%, reports Thursday’s Financieele Dagblad.

Financial details were not disclosed.
Solarfun’s turnover rose to $101m in the third quarter, a 312% increase on the same 2006 period.
The Brenninkmeijer family has invested a total of €4bn in solar power firms worldwide via its Swiss-based investment firm Good Energies.

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