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© saniphoto-dreamstime.com General | August 28, 2013

REC Solar – a new company

While it may not be any news that REC has been in the solar industry for quite some time, what is new though is that REC now has formed a completely new company focused on the industry – namely – REC Solar.
REC will soon call for an Extraordinary General Meeting (EGM) to approve the separation. It will be proposed that REC shareholders are offered to purchase the shares in REC Solar ASA in a fully underwritten offering (the Offering), valuing the equity of REC Solar ASA at NOK 800 million. The new company will apply for listing on the Oslo Stock Exchange shortly.

REC - the parent company

REC will after completion of the Offering continue its other current operation in the polysilicon business under a new name and brand.

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September 21 2018 11:51 am V11.0.0-2