The transaction is expected to be sealed by March 2010, after which Sovello, which has 1,200 employees, would attempt to restructure its loans, according to press reports.
On 1 February the European Commission ordered Germany to claw back €12m in public funds given to Sovello after an investigation showed that Q-Cells had downplayed its stake in the firm to make it eligible for state aid.
Sovello,
