Technology

ChemChina unit sells Europe’s top solar-panel maker to billionaire Mukesh Ambani’s Reliance Industries for US$771 million




China’s state-controlled chemical giant is selling its entire stake in Europe’s biggest solar-panel producer to a company controlled by Asia’s richest billionaire, Mukesh Ambani, as the global race to generate clean energy heats up amid efforts to contain carbon emissions.China National Bluestar Group, a unit of China National Chemical Corp (ChemChina), has agreed to sell Oslo-based REC Solar Holdings to Reliance New Energy Solar, a wholly-owned subsidiary of Indian conglomerate Reliance…



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