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China: Hanwha merger completed

By  |  February 8, 2015

Hanwha SolarOne has acquired 100% of the outstanding share capital of Hanwha Q Cells Investment Company from Hanwha Solar Holdings.

Terms of the deal were first revealed in December 2014 when it emerged Hanwha SolarOne would acquire all of its sister company’s stock from Hanwha Solar Holdings in what amounts to a merger. The estimated value of the deal is US $1.2 billion.

The all-stock transaction was approved by Hanwha SolarOne shareholders at a 4 February extraordinary general meeting and was finalised today.

 

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