- Germany edition
- Change edition:
- France |
- Norway |
- Spain |
- Sweden |
- Switzerland
Scrap starts over bankrupt solar cell firm
Published: 27 Aug 12 14:19 CET | Print version
Online: http://www.thelocal.de/money/20120827-44601.html
Spanish solar energy group Isofoton said Monday it had bid for bankrupt German solar cell maker Q-Cells, despite weekend news that it been bought by South Korean Hanwha Group.
"What we want is a European group, we are Europeans, we don't want relocations and we want to keep all the research and development, which is very important for Q-Cells and us, too," she added.
"We are going to keep the employees," the Isofoton spokeswoman said, declining to give financial details of the bid beyond saying that its project had the backing of a US fund.
Q-Cells announced on Sunday it had been bought by the Hanwha Group for around €50 million ($63 million) in cash as well as a take-over of its debt "in the low hundreds of millions".
But the deal was still subject to approval by creditors at a meeting due to be held on Wednesday.
The South Korean group planned to take over the Q-Cells' subsidiary in Malaysia and its German research and production site in Thalheim, keeping on about three quarters of its workforce there, it said.
Q-Cells was the leading German maker of solar cells but announced in April it would file for bankruptcy as it saw no secure financial basis for its future.
The company, which employed a workforce of more than 2,000, had been in dire financial straits amid a series of corporate failures in the solar power sector in Germany.
AFP/hc
What do you think? Leave your comment below.
Car boss asks Merkel to rethink CO2 pledge
The president of the German Automobile Association (VDA) has written to Angela Merkel, asking her to retract her pledge to significantly reduce CO2 car emissions by 2025, it was reported on Tuesday. READ () »
SAP to hire hundreds of autistic IT experts
German tech company SAP said on Tuesday it wants to hire hundreds of people with autism to work as software testers and programmers. The search has, it said, begun for people “who think differently from others.” READ () »
Economists warn against German euro exit
While a third of Germans would rather pay with the old Deutsche mark than the euro, economists warn that a German exit from the currency union would result in a disaster. READ () »
Germany cool to France's EU economy plan
Germany said Friday that French President Francois Hollande's proposal for a eurozone economic government was "interesting" but reacted coolly to his call for strengthened European budgetary powers. READ () »
Au pairs rules relax for non-German families
Foreign families will soon be able to officially engage au pairs from outside the European Union, as long as they speak German at home, as the government prepares to change the law. READ () »
Germany refuses to slam French economic policy
Germany will not publicly criticize France over economic policy, German Finance Minister Wolfgang Schäuble insisted on Thursday, amid differences between Berlin and Paris over growth versus austerity in battling the eurozone debt crisis. READ () »
Capri-Sun drink wins false advertising award
A German food industry watchdog singled out drinks-maker Capri-Sun for its annual advertising "award" on Thursday, for what the group described as "shameless" marketing of sugary drinks to children. READ () »
Anaemic economy feels winter chill
The German economy, Europe's biggest, clocked up anaemic growth at the start of 2013 as the freezing winter weather put the brakes on activity, official data showed on Wednesday. READ () »
ThyssenKrupp bins 3,000 admin jobs
German heavy industry giant ThyssenKrupp said on Wednesday it plans to axe 3,000 administrative jobs worldwide as disastrous investments in steel operations overseas tore holes in its balance sheet in the second quarter. READ () »
Pay deal for metal workers averts strike
Germany's powerful union IG Metall agreed a pay deal with the metal industry's employers association early Wednesday, averting the threat of a major strike. READ () »
- 14/05 Volkswagen plans giant car plant in China »
- 13/05 Metal workers enter huge warning strikes »
- 13/05 Germany launches new job creation drive »
- 10/05 German giants dazzle Dax »
- 10/05 Netto pioneers mobile phone payments »
- 08/05 Court: gay and straight tax breaks must match »
- 08/05 BMW recalls 22,000 cars over airbag fault »
- 07/05 France tells Germany: we need growth too »
- 07/05 Germany 'lags behind on organic farming' »
- 06/05 Painter Baselitz raided in tax avoidance move »
See all ads | Join the Marketplace
-
Shiply Worldwide Ltd
Shiply the Online Transport Market Place -
PsyShrink Munich
The Expat Psychologists in Munich, Frankfurt and worldwide -
PsyShrink Frankfurt
The Expat Psychologists in Munich, Frankfurt and worldwide -
Weiss Institut
Free yourself from Smoking addictions, Sugar craving and Alcohol addictions -
British Corner Shop
British Corner Shop - The online supermarket for expats -
Chambervelt Rooselain & Cie Ltd.
Insurance and financial planning for English speakers in Germany
858 jobs available
645 new jobs this week
171 new jobs today
- MRI Scientist - Diagnostics & Biomedical Technologies (m/f)
- Application Engineer (professional level)
- Database Engineer with IAM knowhow (professional level)
- Manager for our Information Risk Management Team (m/f)
- Program Assistant (m/f)
- Assistant Student Office (f/m)
- Senior Consultant (w/m) Advisory mit Schwerpunkt Tax Performance and Advisory Services / Düsseldorf
- Social Media Practitioner/ Web-Master (m/f)
- Research Director, Telecoms, TV & Media
- Fulfilment Manager (m/f) - Marketing within FMCG sector
- 21/05 Ericsson probed over suspected bribes »
- 21/05 Warning over 'long-term' Swedish export slump »
- 20/05 'Lean hospital a sign of Swedish welfare reform' »
- 20/05 H&M mulls production in South America and Africa »
- 19/05 Nord Stream plans new gas pipelines »
- 17/05 'Sweden next in line for housing market crash' »
- 17/05 Solna voted best place to live in Sweden »
- 17/05 LinkedIn profile lands Swede with hefty tax bill »
- 16/05 India in no rush to open first Ikea store »
- 16/05 H&M CEO to Bangladesh: raise minimum wages »
- “Preserve the proven, shape the new” – the International Bach Academy in Stuttgart
For more than thirty years, Helmuth Rilling shaped the international Bach Academy; now he is succeeded by Hans-Christoph Rademann. - ‘Open Mike’ – Fireworks with the Buddha
The Berlin ‘Open Mike’ entered this year its twentieth edition. - On the Stage, the Spoken Word Prevails
In January 2013 the annual meeting of the Dramaturgical Society took place in Munich; its theme: “Speaking on Stage – and about Theatre”... - The Magician of Images – Klaus Ensikat
With the technique of an Old Master and subtle humour, the award-winning graphic designer and illustrator Klaus Ensikat has for fifty years produced ingenious illustrations for literary classics and children’s books.... - A Picture Every Day – Philip Waechter
Philip Waechter, son of the famous illustrator and cartoonist Friedrich Karl Waechter, is one of the best-known contemporary writers and illustrators of children’s books....
- Theatre festival between the Saar and the Mosel
The Festival Perspectives in the German-French region around Saarbrücken is staging European theatre, dance and music productions. - The European Year of Citizens
2013 is the European Year of Citizens. - Europe Day, Robert Schuman and Class 4a
Enthusiasm for the idea of Europe – in the 60th European Competition, schoolchildren from Germany show what this could look like. - Relief organizations
The portals presented here provide information on the help programs offered by different organizations.
- (Junior) Event Manager
- Design Engineer Aerospace in Toulouse
- Design Feasibility Engineer / Craftsmanship Engineer (m/f)
- Electrical Engineer Stationary Energy Storage
- Ph.D. student - Security & Privacy in Vehicular Communication
- Product Safety Engineer – Subsea Services
- Segment Manager Marketing (m/f)
- Business Development Manager Formable
- Finance Director
- Accountant
- 19/05 Car Boot Sale Herford
- 17/05 paid internship
- 17/05 Florida resident seeks job in baden Baden Germany
- 17/05 Berlin Writing Group
- 17/05 cheap car hire
- 15/05 Queen size bed & frame
- 23:21 Gyms with TRX suspension training
- 22:59 Lets Meet! 30+ Ladies Meet Up in Frankfurt@Daytime
- 22:48 The Good life!
- 22:36 Claiming tax deductions
- 22:34 Taking my daughter on holiday to Pakistan
- 22:25 Meetup for Uni Students (or not)
- 22:03 Is learning 'der die das' impossible?
- 21:54 Eating Adventure Treffpunkt In NuremberG (EATING)
- 21:53 New in Heidelberg (or new to this forum)
- 21:46 Working from home in Germany: pros and cons
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!
'Charming, old, beamed cottage for holiday let in Jesus Pobre, Alicante, Spain
www.littlehouseinspain.com/
Professional and qualified consultancy on all insurance and finance matters in Germany, Telephone: +49 2163 571 1740, Email: bg@albatross-assurance.com
www.albatross-assurance.com
Visiting Berlin anytime soon? Book your hotel in Berlin here.
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Your comments about this article: