FRANKFURT, June 1 Australian investment bank
Macquarie has been hired to find an investor for
insolvent German solar panel maker SolarWorld, the
company's insolvency administrator said on Thursday.
SolarWorld, once Europe's biggest solar power equipment
group, last month said it would file for insolvency, overwhelmed
by Chinese rivals who had long been a thorn in the side of
founder and CEO Frank Asbeck, once known as "the Sun King".
Insolvency administrator Horst Piepenburg said Macquarie had
accepted the mandate and was already active, adding that
SolarWorld's operations had stabilised, with shipments to some
(Reporting by Matthias Inverardi; Writing by Christoph Steitz;
Editing by Ludwig Burger)