Aker Horizons: Sale of shares in REC Silicon ASA to Hanwha
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 and Hanwha Corporation (together, "Hanwha") to sell all of Aker Horizons’ shares in REC Silicon ASA ("REC Silicon").Aker Horizons will sell 70,104,276 shares in REC Silicon at a purchase price of NOK 20 per share, resulting in total proceeds to Aker Horizons of approximately NOK 1,402 million. Following completion of the transaction, Aker Horizons will no longer own any shares or hold any voting rights in REC Silicon. “