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Aixtron must plan strategy alone after merger collapse: German EconMin
December 9, 2016 / 12:22 PM / 9 months ago

Aixtron must plan strategy alone after merger collapse: German EconMin

The headquarters of German chip equipment maker Aixtron SE is pictured in Herzogenrath near the western German city of Aachen, October 25, 2016. REUTERS/Wolfgang Rattay

BERLIN (Reuters) - The German Economy Ministry has no business in planning a strategy for semiconductor chipmaking machinery company Aixtron (AIXGn.DE) after a deal with a Chinese firm collapsed, a spokesman said on Friday.

“In general it is the duty of the company to decide on its strategy and the appropriate future direction. It is not a matter of the Federal Economy Ministry,” Andreas Audretsch said during a regular government news conference.

Aixtron is considering reducing the size of the business with a partial sale, its chief executive said in an interview, opening the door for bidders after a takeover deal with a Chinese firm fell apart.

Reporting by Joseph Nasr and Paul Carrel; Editing by Victoria Bryan

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