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Microsol Close to Buying Solar-Maker Solon, Morgenpost Says

Feb. 29 (Bloomberg) -- United Arab Emirates-based solar-cell maker Microsol International is close to agreeing to buy Solon SE, a German solar-panel maker in bankruptcy proceedings, Berliner Morgenpost reported.

The deal would include keeping about 400 of Solon’s employees in Berlin, where it’s based, and firing about two dozen, the newspaper said, without saying where it got the information.

Solon’s insolvency administrator Ruediger Wienberg from the law firm HWW Wienberg Wilhelm plans to issue a statement on the bankruptcy proceedings toward the end of the week, Christoph Moeller, his spokesman, said by phone today. He declined to comment on the ongoing negotiations.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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