SolarWorld confirms Qatar funds bid

SolarWorld CEO Frank Asbeck

SolarWorld CEO Frank Asbeck

Debt-laden PV company SolarWorld has confirmed that it is close to securing funds from a Qatari investor.

A press official confirmed to Recharge an earlier report quoting SolarWorld CEO Frank Asbeck on the matter, in which he said the size of a potential stake will be published at an extraordinary general meeting of the German group.

German stock market rules stipulate that such a meeting needs to be announced at least 36 days in advance, the official added, meaning that a potential deal won’t go through before June. There was no indication which Qatari investor is involved.

SolarWorld has long held links to Qatar via its 29%-stake in Qatar Solar Technologies (QSTec), a polysilicon company owned Log in to read complete article.

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