Aker Horizons and Hanwha Solutions Join Forces in REC Silicon to Explore US Solar Value Chain Expansion
Aker Horizons ASA’s wholly owned subsidiary Aker Horizons Holding AS (“Aker Horizons”) has today entered into an agreement with South Korea’s Hanwha Solutions Corporation (“Hanwha Solutions”), one of the leading solar PV manufacturers in the US, and with REC Silicon ASA (“REC Silicon”).Hanwha Solutions will acquire 21,891,275 shares in REC Silicon from Aker Horizons and will subscribe for 48,213,001 new shares in REC Silicon through a private placement in REC Silicon. Both transactions are conditional upon each other and will be completed simultaneously, and are done at the same share price
