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Infineon to raise 1 bln euros with capital increase

BERLIN, May 26 (Reuters) - German chipmaker Infineon Technologies aims to raise about 1 billion euros ($1.1 billion) by issuing new shares to partially finance its $10 billion acquisition of U.S.-based Cypress Semiconductor, it said on Tuesday.

Infineon said its share capital would be raised by about 4% after a private placement with institutional investors. ($1 = 0.9117 euros) (Reporting by Emma Thomasson Editing by David Goodman )

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