Wacker completes sale of shares in Siltronic

Wacker CEO Christian Hartel

© Wacker

The gross proceeds from the placement amounted to around EUR 188 million. The shares were sold in a private placement by way of an accelerated bookbuilding process exclusively to qualified investors and international institutional investors.

"We are very pleased with the development of Siltronic and continue to support the company's strategy," says CEO Christian Hartel. "The proceeds from the transaction will strengthen our financial position and create additional scope to invest in future growth. At the same time, Wacker remains Siltronic's largest shareholder," Hartel continues.