WACKER has sold 2.1 million Siltronic shares, raising €188 million. The shares were placed at €89.35 each, representing 7% of capital, reducing WACKER's stake to approximately 24%. The private accelerated bookbuild was offered to qualified and institutional investors. The proceeds are intended to strengthen finances and fund growth.
Insights / Business
BusinessWACKER sells 2.1 million Siltronic shares raising €188 million
WACKER has sold 2.1 million Siltronic shares at €89.35 each, raising €188 million and reducing its stake to approximately 24%, with proceeds to strengthen finances and fund growth.
