Wacker Chemie AG (WCHG.DE)
24 Mar 2017
Latest Key Developments (Source: Significant Developments)
Wacker Chemie AG:Says to price Siltronic shares in IPO at 30-38 euros each.Says to offer up to 12.65 million Siltronic shares in IPO. Full Article
Wacker Chemie AG:Wacker Chemie AG's subsidiary Siltronic AG decided to release an announcement of its intention to float its shares, including newly issued shares from a capital increase, on Frankfurt Stock Exchange - Reuters.Says listing of Siltronic is expected to take place prior to summer break.Citi, one of the IPO's bookrunners says that Siltronic primary offering size will be 150 million euros, Wacker Chemie to hold majority stake.Says in the medium term, Wacker plans to dispose of its majority holding in Siltronic. Full Article
Wacker Chemie AG:Now expects sales to grow by about 10 percent in FY 2015, after previously expecting high single-digit percentage growth.Says FY 2015 group net income is expected to be lower than year ago because special income is unlikely to be as high as in FY 2014.FY 2015 revenue 5,223 million euros - Thomson Reuters I/B/E/S.FY 2015 net income 136.17 million euros - Thomson Reuters I/B/E/S. Full Article
ESSEN, Germany, March 15 German specialty chemicals maker Wacker Chemie said on Wednesday it took in 352 million euros ($374 million) in gross proceeds by cutting its stake in silicon wafer group Siltronic to 30.8 percent from 51.8 percent.