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People & Business :: M&A
Wacker acquires majority stake in silicon wafer jv with Samsung
4:45 AM MST | January 24, 2014 | Natasha Alperowicz
Wacker Chemie said today that its silicon wafer subsidiary Siltronic has increased its stake in Siltronic Samsung Wafer (Singapore) from 50% to 78%. Siltronic and Samsung Electronics signed the contracts today. Samsung’s share in the jv will drop to 22%. The joint venture will, at the same time, repay all the outstanding project loans of some €210 million ($288.3 million) with Siltronic contributing about €150 million. This will lead to a rise in Wacker’s net debt, the company says. The joint venture will be renamed Siltronic...
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