Hanwha of South Korea Wins Creditors’ Backing to Buy Q-Cells

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Hanwha Group, a South Korean industrial group, won backing from Q-Cells SE’s creditors to buy what was once the world’s biggest maker of solar cells.

Hanwha will take over most of Q-Cells under an agreement signed Aug. 26 that won backing at a creditor meeting today in Dessau-Rosslau, Germany, according to a Q-Cells statement.