As a result of the restructuring, the company’s financial liabilities were cut from almost €1bn ($1.37bn) to €427m, SolarWorld said in an ad-hoc statement to stock markets.
“Through the swap capital increase against contributions in kind, approved in an extraordinary shareholders’ meeting on Aug. 7, 2013, the capital stock of €744,800 was increased by €14,151,200 to €14,896,000,” SolarWorld said.
The new shares are expected to be quoted on stock exchanges as of March 5.
The
