The Korean conglomerate’s offer for the insolvent solar group was today approved by a “large majority” at a meeting of Q-Cells’ creditors in Germany, says a statement.
The creditors stood behind the deal signed by Hanwha and Q-Cells’ administrator this weekend – before the unexpected late appearance of a counter-bid led by Spanish PV group Isofoton.
The Korean group had offered to pay 55bn won ($48.4m)
