10.03.2015
Wacker Chemie AG DE000WCH8881
DGAP-News: Wacker Chemie AG: WACKER EXAMINES OPTIONS ON THE OWNERSHIP STRUCTURE OF SILTRONIC AG
DGAP-News: Wacker Chemie AG / Key word(s): Miscellaneous
Wacker Chemie AG: WACKER EXAMINES OPTIONS ON THE OWNERSHIP STRUCTURE
OF SILTRONIC AG
10.03.2015 / 13:52
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- WACKER CONSIDERS VARIOUS COURSES OF ACTION, INCLUDING A SILTRONIC IPO
- A DECISION WILL NOT COME UNTIL AFTER A FULL, IN-DEPTH ANALYSIS
Munich, March 10, 2015 - Wacker Chemie AG examines a number of strategic
options with regard to the present ownership structure of Siltronic AG, its
semiconductor subsidiary. The Executive Board of WACKER presented
appropriate plans to the Supervisory Board today. The possible steps under
consideration include an IPO at Siltronic, which is currently 100-percent
WACKER owned.
"Reshaping Siltronic's ownership structure could be beneficial for both
WACKER and Siltronic," explained Rudolf Staudigl, CEO of Wacker Chemie AG.
WACKER, added Staudigl, could, for example, invest additionally available
funds in reinforcing its chemical and polysilicon businesses. Also, the
overall capital intensity of the Group would decrease. Siltronic, on the
other hand, could harness additional growth opportunities in the event of
an IPO by accessing the capital markets itself. A further option to be
considered is a divestment to a strategic investor. "A detailed analysis of
all the possible courses of action is necessary first to see how far these
goals are achievable and which path would then be appropriate," stressed
Staudigl. "However, it is important to us to inform capital-market
participants, customers and employees that such deliberations exist and
that they may result in changes to Siltronic's current ownership
structure."
This press release contains forward-looking statements based on assumptions
and estimates of WACKER's Executive Board. Although we assume the
expectations in these forward-looking statements are realistic, we cannot
guarantee they will prove to be correct. The assumptions may harbor risks
and uncertainties that may cause the actual figures to differ considerably
from the forward-looking statements. Factors that may cause such
discrepancies include, among other things, changes in the economic and
business environment, variations in exchange and interest rates, the
introduction of competing products, lack of acceptance for new products or
services, and changes in corporate strategy. WACKER does not plan to update
the forward-looking statements, nor does it assume the obligation to do so.
For further information, please contact:
Wacker Chemie AG
Media Relations & Information
Christof Bachmair
Tel. +49 89 6279-1830
Fax: +49 89 6279-1239
[email protected]
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Language: English
Company: Wacker Chemie AG
Hanns-Seidel-Platz 4
81737 München
Germany
Phone: 0049-89-6279-1633
Fax: 0049-89-6279-2933
E-mail: [email protected]
Internet: www.wacker.com
ISIN: DE000WCH8881
WKN: WCH888
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News-Service
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331715 10.03.2015
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