(AF) Reliance Industries (RIL) is eyeing China National Chemical Corp’s (ChemChina) REC Group, the largest solar panel manufacturer in Europe, in a $1-1.2 billion acquisition bid, The Economic Times reported on Tuesday.
The acquisition will help RIL access cutting-edge technology and global manufacturing capabilities as the company pursues its recently announced green energy foray, the newspaper said. Full report: The Economic Times.