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Total CEO Says SunPower Would Be Bankrupt Without Backing

Total SA Chief Executive Officer Christophe de Margerie said SunPower Corp. would be bankrupt without the French oil company’s backing.

Speaking at an investment conference in Paris, de Margerie said Total will “turn around” SunPower.

Total agreed last month to raise its stake in SunPower, the second-largest U.S. solar-panel maker, to 66 percent.

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