S&T CEO says full takeover by Foxconn possible - magazine

Ennoconn

07/12/2016 10:35

FRANKFURT, Dec 7 (Reuters) - Taiwan's Foxconn  2354.TW , the 
world's largest contract electronics manufacturer, could take 
over Austrian IT group S&T AG  SANT1.DE , S&T's chief executive 
told a German magazine. 
    "If we develop poorly and our share price falls 
significantly I expect that Foxconn will do a full takeover," 
weekly magazine WirtschaftsWoche quoted Hannes Niederhauser as 
saying in an interview in its BoersenWoche newsletter. 
    Foxconn unit Ennoconn  6414.TW  raised its holding in S&T to 
29.4 percent in a capital increase in October.  urn:newsml:reuters.com:*:nFWN1CJ04B 
 
 (Reporting by Maria Sheahan; Editing by Christoph Steitz) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: S&T AG M&A/FOXCONN