Isovoltaic’s two sharheolders, CIAG-Beteiligungen and TIBAG-Beteiligungen, intend to offer 18 million shares on the Vienna exchange, with another 22 million shares to be listed but not sold.

Isovoltaic claims to be the world leader in PV backsheet sales, commanding 45% of the global market in 2009. The company, which was formerly part of the Isovolta group until being spun off last year, competes with US-based Madico, Germany’s Krempel and Japan’s Toyo Aluminium.

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