On
11
January
Oslo-based
Orkla
agreed
to
sell
most
of
its
materials
subsidiary,
Elkem,
including
its
solar
division,
to
China’s
Bluestar
for
$2bn
in
cash.
It
is
one
of
the
largest
ever
industrial
acquisitions
by
a
Chinese
group
in
Europe,
and
includes
Elkem’s
polysilicon
foundry
plant
at
Kristiansand,
Norway,
which
is
capable
of
making
6,000
tonnes
of
PV-grade
polysilicon
per
year.
Orkla,
a
highly
diversified
conglomerate,
owns
nearly
40%
of
REC,
which
is
one
of
the
world’s
largest
makers
of
PV
wafers.
Over
the
past
year
Hagen
and
other
Orkla
executives
have
emphasised
their…
