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Q Cells and Hanwha Solarone announce merger and to create largest manufacturer of solar cells

Shanghai / Thalheim, Germany - Hanwha Solarone Co., Ltd. (

The combined business will be the largest manufacturer of solar cells with capacity of 3.28 gigawatts and will have a broader international footprint covering the largest and fastest-growing solar markets in the world. Under the terms of the agreement, SolarOne will acquire 100% of the outstanding share capital of Q CELLS from its sole shareholder, HSH, in an all-stock transaction with an implied enterprise value of the combined company at approximately $2.0 billion based on the closing price of SolarOne



Source: IWR Online, 09 Dec 2014

 


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