* CEO says Q2 sales up about a third pct vs Q1
* CEO says not planning to make acquisitions
* CEO says selling stake is "out of the question"
By Christoph Steitz and Anneli Palmen
FRANKFURT, June 14 SolarWorld SWVG.DE,
Germany's second-largest solar company by market value, will
take a muted role in the solar sector's consolidation phase, its
chief executive said.
Asked whether SolarWorld was on the lookout for
acquisitions, Frank Asbeck said: "No. We can only grow
Speaking in an interview on Tuesday during the Reuters
Climate and Energy summit, Asbeck, who holds 27.80 percent in
SolarWorld, also said that he had no intention to give in to M&A
approaches to his company. "This is out of the question."
French energy major Total SA's (TOTF.PA) $1.37 billion bid
for a majority stake in U.S. solar company SunPower SPWRA.O as
well as Meyer Burger's (MBTN.S) 356 million euro ($512 million)
bid for Germany's Roth & Rau R8RG.DE has led to renewed
speculation of a wide-ranging sector consolidation.
Asbeck added that second-quarter sales would be up about a
third from sales of 233 million euros in the first quarter. The
company is due to report second-quarter results on August 11.