20 Apr '13, 5pm

Suntech May Sell Italian Assets, LDK Defaults: Filed under: Energy News

A restructuring storm continues to blow through China’s battered solar sector, with word of a potential major asset sale by Suntech (NYSE: STP ) and a debt default by LDK Solar (NYSE: LDK ). Of these 2 news bits, the Suntech one is easily the most interesting as it finally helps to make sense of reports last week that billionaire investor Warren Buffett might want to buy the former solar superstar that last month declared bankruptcy. But Suntech investors will be disappointed to learn the latest reports don’t seem to include a major cash infusion from Buffett, who isn’t really known for investing in such troubled assets.All that said, let’s take a look at the latest Chinese media reports, which say that Suntech may be looking to sell its Italian assets as part of its bankruptcy restructuring. The main asset up for sale would be its 88 percent stake in GSF , a fund that was...

Full article: http://www.altenergystocks.com/archives/2013/04/suntech_m...

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