EventsEventsPodcasts
Loader
Find Us
ADVERTISEMENT

Germany's review of Siltronic sale still underway as deadline nears

Germany's review of Siltronic sale still underway as deadline nears
Copyright 
By Reuters
Published on Updated
Share this articleComments
Share this articleClose Button

BERLIN - The German government's review of the planned sale of chipmaker Siltronic to Taiwanese rival GlobalWafers, which requires formal approval by the end of the day, is still underway, a German Economy Ministry spokesperson said on Monday.

The spokeperson declined to say more when asked for details at a regular government news conference.

Germany's Federal Ministry for Economic Affairs and Climate Action must approve the 4.35 billion euro ($4.86 billion) sale, agreed about a year ago, by Jan. 31. Otherwise the transaction will collapse.

($1 = 0.8954 euros)

Share this articleComments

You might also like