Wacker Chemie AG (WCHG.DE)
24 Mar 2017
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.
* Ceo says affirms plans to reduce siltronic stake to minority in the long run
* Shares indicated 3.7 pct lower at bottom of MDAX (Adds share price indication, Q1 expectations)
FRANKFURT, Jan 17 The DAX top-30 index looked set to open 0.1 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0730 GMT.
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.