SunEdison (SUNEQ) Approved to Sell Solar Materials Business to GCL-Poly Energy - Bloomberg

October 20, 2016 11:14 AM EDT
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SunEdison (OTC: SUNEQ) approved to sell solar materials business to GCL-Poly Energy Holdings,a cording to Bloomberg.

Previous reports had the sale SunEdison’s subsidiaries, which are SunEdison Products Singapore Pte., MEMC Pasadena Inc. and Solaicx Inc., as well as SunEdison’s stake in a Korean joint venture, SMP Ltd.

The sale won't include MEMC’s manufacturing facility in Pasadena, Texas.

The assets are valued around $150 million.

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