(SeeNews) - Oct 10, 2013 - US firm First Solar Inc (NASDAQ:FSLR) yesterday said it had agreed to dispose of its non-functioning solar factory in Mesa, Arizona for cash sale proceeds of over USD 100 million (EUR 74m).<br /><br /> The deal is expected to result in a loss of between USD 55 million and USD 60 million against book value, according to a filing to the Securities and Exchange Commission on Wednesday. That loss is to be included in the third-quarter 2013 financial period, First Solar said, adding that the deal will also involve between USD 5 million and USD 10 million in costs related to the transfer of personnel, equipment and inventory.
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