"German solar panel manufacturer Solarworld announced Tuesday a capital injection by Qatar, a move which will save the company from bankruptcy as the German sector struggles against Asian competition.
Solarworld said in a stock exchange statement that it had agreed several measures with its biggest creditors, including the injection by Qatar Solar in return for a 29-percent stake in the troubled company.
Solarworld founder and chief Frank Asbeck will also end up with a 19.5-percent share in the restructuring, according to the statement."
'via Blog this'
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