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REC will establish REC Solar ASA as an independent listed company
August 29, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
REC Group bond holders’ meetings for the REC01, REC02 and REC03 bonds were held Aug. 27, 2013. The required quorum was obtained and the bondholders in all bonds approved the proposed split of the company. The approval is contingent upon REC carrying out the proposed offer to buy back senior bonds as per the company announcement on Aug. 23, 2013. The bondholders’ approval is an important step in the process of separating REC’s silicon and solar businesses as announced on July...
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