December 2, 2016 / 12:50 PM / 3 years ago

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

FRANKFURT, Dec 2 (Reuters) - 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.

Shanghai-based National Silicon Industry Group (NSIG), which was founded last year to invest in semiconductor materials and equipment, is among those interested, the people said, adding there was no guarantee that a deal would materialise.

Wacker Chemie, which listed Siltronic last year and still holds a 57.8 percent stake in the unit, declined to comment. It confirmed earlier remarks that it wants to reduce its stake in Siltronic to a minority over the medium term. (Reporting by Arno Schuetze and Christoph Steitz; Editing by Maria Sheahan)

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