Brief: Elmos To Sell The Wafer Fab In Dortmund To Silex Microsystems

Elmos Semiconductor SE

14/12/2021 09:00

Dec 14 (Reuters) - ELMOS SEMICONDUCTOR SE  ELGG.DE :
    * SALE AND PURCHASE AGREEMENT TO SELL THE WAFER FAB IN
DORTMUND TO
SILEX MICROSYSTEMS AB FOR A NET PURCHASE PRICE OF AROUND 85
MILLION EURO - LONG-TERM SUPPLY AGREEMENT UNTIL AT LEAST 2027
SIGNED
    * WILL SELL ITS WAFER FABRICATION ACTIVITIES IN DORTMUND FOR
A NET
PURCHASE PRICE OF 77.5 MILLION EURO PLUS AROUND 7 MILLION EURO
FOR WORK-IN-PROGRESS INVENTORY
    * TOTAL PURCHASE PRICE THEREFORE IS AROUND 85 MILLION EURO
    * AT CLOSING, SILEX WILL ACQUIRE 100% OF SHARES OF THIS
ENTITY,
INCLUDING DIRECT AND INDIRECT PERSONNEL UNDER LEADERSHIP OF
FORMER MANAGEMENT OF ELMOS FAB
    * CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE IN SECOND
HALF
OF 2022 AND IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND
REGULATORY APPROVALS
    * EBIT MARGIN GUIDANCE FOR FULL YEAR 2021 INCLUDES
TRANSACTION-RELATED EXPENSES AND THEREFORE REMAINS UNCHANGED

Source text for Eikon:  ID:nEQ5F21lXa 
Further company coverage:  ELGG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))