Brief: Aker Horizons And Hanwha Solutions Join Forces In REC Silicon To Explore US Solar Value Chain Expansion

Aker Horizons ASA

18/11/2021 06:38

Nov 18 (Reuters) - Aker Horizons ASA  AKH.OL :
    * AKER HORIZONS AND HANWHA SOLUTIONS JOIN FORCES IN REC
SILICON TO
EXPLORE US SOLAR VALUE CHAIN EXPANSION
    * 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 SAME SHARE PRICE OF
NOK 20 PER SHARE

Source text for Eikon:  ID:nWkr8m3V7S 
Further company coverage:  AKH.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))