300-Millionen-Spinoff Wacker Could Spin–Off Semi–Conductor Materials Branch
Wacker is currently evaluating a spin–off of its Semi–Conductors business Siltronic: According to recent Bloomberg reports, the German based chemicals company is working together with banks to evaluate the possibilities of launching Siltronics on the stock markets..
Munich/Germany – As Bloomberg reports, referring to insider information, the German chemicals company Wacker works together with Rothschild to evaluate a possible spin–off of Siltronic, that could raise at least US $ 300 million. The company could be launched as an independent title on the New York stock exchange, Bloomberg speculates.
Siltronic is specialized on the production of Wafers for semiconductors and supplies all major chip manufacturers, including the likes of Intel and Samsung. The company has sites in Europe, Asia and the US and generates revenues of US $ 236 million in 2014, contributing 10 % to Wacker’s final results..