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Renewable Energy Corp ASA Sells Subsidiaries in REC Solar Segment to REC Solar ASA

Friday, 4 Oct 2013 02:55am EDT 

Renewable Energy Corp ASA announced that on October 1, 2013 it entered into an agreement for the sale of subsidiaries in the business segment REC Solar to the newly established REC Solar ASA (together with the subsidiaries referred to as REC Solar). The sale is contingent on, and will be completed following an initial public offering of REC Solar ASA. The share issue in REC Solar ASA is fully underwritten. REC will not own any shares of REC Solar ASA after the initial public offering. 

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19 Dec 2014