SolarWorld chairman Frank Asbeck as part of the restructuring will see his own stake in the company reduced to 19.5% of the new share capital. He currently owns 27.84% of SolarWorld shares.
Salesproceeds from the transaction will amount to €46m ($61.6m), the company said inan Ad-hoc message to the stock market. Some €35m of that amount corresponds tothe intended Qatar Solar stake, while Asbeck will contribute approximately €10mout of his personal capital, a SolarWorld official said, adding that the twosums don’t add up exactly to €46m due to rounding effects.
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