The business has been acquired by China Development Bank International Holdings, Apollo Asia Investment and Excel Rise Holdings and Prosper East, investment funds affiliated with China Construction Bank Corporation.
The 18.46% stake sale is in line with the subscription agreement entered into by the parties on 30 December last year, following receipt of PRC governmental approvals.
LDK Solar will hold the remaining 81.54% interest in the business.
China Development Bank Capital Corporation Zhang President Xuguang said the company is excited to close this investment and to become a shareholder of LDK Silicon.
" We hope this investment will speed up the development of this silicon manufacturing venture and would continue to support LDK to become the integrated world leader in the solar industry in future via various means," said Xuguang.
