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Wacker Chemie AG (WCHG.DE)

WCHG.DE on Xetra

96.72EUR
11:35am EDT
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€97.32
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Wed, Mar 15 2017

Wacker Chemie takes in 352 mln eur with Siltronic stake sale

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.

BRIEF-Wacker chemie ceo says waiting for right time to reduce siltronic stake

* Ceo says affirms plans to reduce siltronic stake to minority in the long run

UPDATE 1-Wacker Chemie forecasts stagnating profits due to rising costs

* Shares indicated 3.7 pct lower at bottom of MDAX (Adds share price indication, Q1 expectations)

Chinese suitors eye stake in Wacker Chemie's Siltronic: sources

FRANKFURT Wacher Chemie is in early talks with Chinese suitors interested in taking a stake in the German chemical group's silicon wafers unit Siltronic , three people familiar with the matter said.

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