OSA-Direct
Friday, 28 Jul 2017

German government blocks takeover of Aixtron

The German Ministry of Economics has withdrawn the clearance certificate and reopened a review of proceedings of the planned takeover of Aixtron by Grand Chip Investment

27 Oct 2016 | Editor

Aixtron has announced that the German Federal Ministry of Economics and Energy has withdrawn vis-à-vis Fujian Grand Chip Investment Fund LP.

As indirect shareholder of Grand Chip Investment GmbH, its Clearance Certificate (Unbedenklichkeitsbescheinigung) issued on September 8, 2016 and announced a reopening of review proceedings in connection with the takeover offer by Grand Chip Investment GmbH.

Aixtron SE was informed about such decision in the late evening of October 21, 2016.

No further official details have been released why the planned takeover is being reviewed.

However, other reports are suggesting that the Germany Government is seeking tighter control over foreign investment in European companies, in a sign of a growing protectionist reaction to China’s appetite for overseas acquisitions.

The reports suggest that Aixtron was also surpised by the late intervention of the Germany Government but said it wants to assist the bidder and authorities to alleviate possible concerns about the takeover.

www.aixtron.com   


About Aixtron

Aixtron SE is a leading provider of deposition equipment to the semiconductor industry. The Company was founded in 1983 and is headquartered in Herzogenrath (near Aachen), Germany, with subsidiaries and sales offices in Asia, Europe and in the United States. Aixtron's technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. Such components are used in a broad range of innovative applications, technologies and industries. These include LED applications, display technologies, data storage, data transmission, energy management and conversion, communication, signaling and lighting as well as a range of other leading-edge technologies.

Source: Aixtron


login
cintelliq logo