FRANKFURT Feb 8 German glass maker Schott
expects tentative bids for a majority stake of its solar thermal
unit within the next two weeks, a source familiar with the sale
said, as the group aims to draw a line under a fruitless
expansion into the once booming segment.
Schott has mandated BNP Paribas to look for a
partner to take the industrial lead at its Concentrated Solar
Power (CSP) operations, hoping for better chances in winning
contracts in giant solar projects like Saudi Arabia's $100
billion investment plan.
"For the development of our technology we are in principle
open for a cooperation with partners and are receiving positive
responses from different regions," a Schott spokesman said,
adding the Schott group always considered all options to
successfully develop its business.
BNP declined to comment.
(Reporting by Arno Schuetze; Additional reporting by Frank
Siebelt; Editing by Martin Zwiebelberg)