Struggling SolarWorld eyes Bosch

Despite SolarWorld's challenges, Asbeck is still in buying mood

Despite SolarWorld's challenges, Asbeck is still in buying mood

Despite its huge financial woes, German PV equipment maker SolarWorld is interested in some of the solar operations being sold off by engineering giant Bosch, the company confirmed.

“We are interested in parts of the Bosch production [operation], in particular its solar cell manufacturing,” SolarWorld CEO Frank Asbeck was quoted as saying by German newspaper Handelsblatt.

The press official confirmed the accuracy of those statements.

Asbeck did not clarify how his embattled company would pay for any parts of the Bosch Solar businesses. After losing €2.4bn ($3.08bn), Bosch recently said it plans to exit the PV business, threatening some 3,000 jobs.

SolarWorld AG on Thursday had acknowledged it expects to record a loss after tax of between €520m Log in to read complete article.

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