The
REC
shares
were
worth
$860m
at
the
start
of
trading
on
6
May,
but
their
price
slipped
on
the
news.
Q-Cells
currently
holds
a
17.2%
stake
in
REC,
making
it
the
second-largest
shareholder
behind
Norwegian
industrial
conglomerate
Orkla,
with
its
40%
holding.
Norwegian
utility
Hafslund
controls
14%
of
the
company.
The
money
will
be
useful
to
Q-Cells,
which
in
February
dropped
its
sales
guidance
for
2009
for
the
second
time,
blaming
weakening
global
demand
for
solar
products.
Q-Cells
has
said
it
intends
to
shift
its
focus
away
from
small-scale
installations
and
towards…
