GCL-Poly excludes SMP from acquisition of SunEdison assets

April 07, 2017

GCL will not acquire SMP, SunEdison’s unsuccessful Korean FBR joint venture

GCL-Poly Energy Holdings has confirmed that it closed the acquisition of SunEdison’s Solar Materials Business on March 31, 2017.

However, GCL has excluded SunEdison’s 65.25% stake in SMP from the acquisition. SMP is the insolvent South Korean FBR polysilicon joint venture between bankrupt SunEdison and Samsung Fine Chemicals (now Lotte Fine Chemical).

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