The largest Chinese M&A deal proposed so far this year appears set to close this week as GCL-Poly Energy finalized shareholder approvals for its $3.4 billion acquisition of a leading solar-cell parts manufacturer. Six international firms worked on the complex transaction, which will see Chinese businessman Zhu Gongshan consolidate his solar energy holdings into one company.
July 17, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The largest Chinese M&A deal proposed so far this year appears set to close this week as GCL-Poly Energy finalized shareholder approvals for its $3.4 billion acquisition of a leading solar-cell parts manufacturer.
Hoping to take advantage of China’s efforts to meet the challenges of climate change by investing in clean energy projects, GCL-Poly Energy announced in late June that it would expand its green portfolio by acquiring Jiangsu Zhongneng Polysilicon Technology Development.
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