Wacker chemie sells partial stake in germany’s siltronic

On May 26, Wacker Chemie announced that it had successfully placed 2.1 million shares of semiconductor wafer company Siltronic at a price of €89.35 per share. The placed shares represent 7% of Siltronic’s total share capital, and after the transaction Wacker Chemie’s stake in the company fell to about 24%.

Wacker Chemie announced that the pre-tax total revenue from this share placement is approximately 188 million euros. This placement is conducted through a fast track bookbuilding process and the shares are only offered to qualified institutional investors globally.

Wacker Chemie CEO Christian Hartel said: “The proceeds from this transaction will further strengthen the Group’s financial position and create investment capacity for future business growth. At the same time, Wacker Chemie remains Siltronic’s largest shareholder.”

Shichuang Electronic Materials Co., Ltd. is listed and traded on the Prime Standard of the Frankfurt Stock Exchange in Germany.