Solon Tasks Alvarez & Marsal With Restructuring Plan, FTD Says

Solon SE (SOO1) has hired Alvarez & Marsal Inc. to develop a restructuring plan for the maker of solar modules and systems, Financial Times Deutschland reported, citing a Solon spokeswoman without identifying her.

A&M’s German co-chief operating officer Walter Bickel may join Solon’s management board as chief restructuring officer as a result of pressure from creditor banks, the newspaper said, without saying how it got the information.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong in Berlin at kwong11@bloomberg.net

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