BERLIN : The German authorities’s review of the deliberate sale of chipmaker Siltronic to Taiwanese rival GlobalWafers, which requires formal approval by the top of the day, is still underway, a German Economy Ministry spokesperson stated on Monday.
The spokeperson declined to say extra when requested for particulars at a daily authorities information convention.
Germany’s Federal Ministry for Economic Affairs and Climate Action should approve the 4.35 billion euro ($4.86 billion) sale, agreed a few yr in the past, by Jan. 31. Otherwise the transaction will collapse.
($1 = 0.8954 euros)
(Reporting by Miranda Murray; Editing by Zuzanna Szymanska)