Domain-B: With China's LDK Solar Co making preparations to buy Germany's Sunways AG, China now has access to the second-largest solar-panel maker in the world, a new technology and a distribution network in the world's biggest photovoltaic market. Sunways shares were up the most in six months in Frankfurt yesterday following LDK offering to purchase the Constance-based solar-cell and module maker for around €24.2 million excluding contributions in kind. The acquisition, which would be the first by a Chinese solar-energy company
in Germany, a country that saw around 7,400 MW solar capacity installed in 2010. The contributions in kind include Sunways taking indirect ownership in a Chinese company, to give the German manufacturer access to module production in China as also sales outlets for inverters.Source: domain-b.com
