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

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

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)

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

//thaudray.com/4/4783938