SolarWorld’s reps are in talks with a group of investors regarding a takeover of the company’s factories in Freiberg and Arnstadt.

The insolvent German photovoltaics (PV) manufacturer has been in negotiations, and is optimistic that a deal would be reached.

The deal will keep 450 jobs, while another 1,200 could be moved to an “employment and qualification” company.

SolarWorld’s US subsidiary, SolarWorld Americas Inc, continues to operate outside insolvency proceedings and expects to get a double-digit-million-dollar cash infusion to stabilize its business.

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