UPDATE 1-French solar developer Solairedirect postpones IPO on lack of demand

April 29, 2015 2:37 PM

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PARIS, April 29 (Reuters) - French solar developer Solairedirect has postponed its 175 million euro IPO because of insufficient demand for the shares.

"The order level did not reach the desired volume. The project has not been cancelled, the company will come back (to the market) as soon as possible," said a source close to the company who declined to be identified.

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