Blackstone-backed China National BlueStar intends to buy Norwegian solar cell maker
China National BlueStar, the Chinese specialty chemicals company partly owned by US buyout firm the Blackstone Group, is reportedly in talks to acquire some or all of Norwegian solar cell maker Elkem AS, owned by a Norwegian conglomerate Orkla ASA.
The tentative acqusition could cost BlueStar around $1 billion. The moves for divesting Elkem have emerged as the parent seeks to sell its non-core assets. As well as BlueStar, South Korea's POSCO has...
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