THommessen are acting on behalf of Bluestar Elkem in connection with the acquisition of REC Solar. The transaction was announced on 24 November. The total cash consideration is NOK 4.3 billion.

The transaction is subject to approval by an extraordinary general meeting of REC Solar, which is expected to be held mid-January 2015. The transaction is expected to be completed in March/April 2015.

REC Solar ASA is listed on the Oslo Stock Exchange and is a leading global provider of solar energy solutions.