Ukrainian solar manufacturer Kvazar seeks at least EUR 9m from investor

Kvazar would use the equity financing to expand its production capacity and thereby reduce the company's costs, he said. The investment would take the form of a joint venture, according to Kudla, adding that Kvazar has hitherto only engaged Ukrainian partners in this way. Kvazar, which calls itself a monopolist in the production of solar cells and solar modules in Ukraine, also has production facilities in Germany and in Canada. The company has no plans to conduct an IPO, Kudla said.

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