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Hanwha Holdings to merge 2 solar units
December 8, 2014 / 12:16 PM / 3 years ago

Hanwha Holdings to merge 2 solar units

Dec 8 (Reuters) - Hanwha Holdings Co Ltd said it would merge two of its solar units, creating a combined company with an enterprise value of about $2 billion.

The company said that its unit, Hanwha SolarOne Co Ltd , will buy another unit, Q Cells Investment Co Ltd, in an all-stock transaction valued at about $1.2 billion. (Reporting by Narottam Medhora in Bengaluru; Editing by Kirti Pandey)

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