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Tuesday, 8 August 2017

SolarWorld founder Asbeck, Qatar to buy some of its factories -sources

SolarWorld founder Asbeck, Qatar to buy some of its factories -sources:

"Frank Asbeck, founder and former CEO of SolarWorld, has teamed up with Qatar to buy two of the insolvent panel maker's factories, sources familiar with the matter said.

Qatar was a shareholder in SolarWorld with a stake of 29 percent before its collapse, while Asbeck held 21 percent.

The plants, located in the German states of Saxony and Thuringia, will be taken over by a new investment vehicle called SolarWorld Industries GmbH, which counts Asbeck and the Qatar Foundation as its owners, the sources told Reuters on Tuesday."



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