Monday, March 27, 2006
Siemens has sold its remaining 18 percent stake in Infineon Technologies for Euros 1.2 billion ($1.4 billion) in a placement managed by Goldman Sachs, a news source reported.
The German conglomerate has been gradually reducing its shareholding in Infineon since spinning off the chipmaker in an initial public offering in 2000, at the height of the technology bubble.
Infineon said last November it plans to separate its memory business from its logic business and then float the memory business off by way of an offering of shares. It would then focus on its logic division, continuing to target the automotive, industrial electronics and communications sectors.
By: DocMemory
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