REC ASA has decided to cease further funding of REC Wafer Norway AS. Consequently, there is no basis for a solvent winding-up of the company and the board of REC Wafer Norway AS has resolved to file for bankruptcy. During 2011 and 2012, the production of REC Wafer Norway AS in Glomfjord and at Herøya was permanently closed down. Activities were initiated to wind-up the company. As of end of July 2012, REC Wafer Norway AS’s estimated carrying value of liabilities exceeded the estimate...