ESSEN, Germany, March 15 German specialty
chemicals maker Wacker Chemie said on Wednesday it
took in 352 million euros ($374 million) in gross proceeds by
cutting its stake in silicon wafer group Siltronic to
30.8 percent from 51.8 percent.
"The successful placement of this large block of shares
underscores the trust investors have in Siltronic AG," Wacker
Chemie Chief Executive Rudolf Staudigl said.
Wacker Chemie sold 6.3 million of its Siltronic shares to
institutional investors at a price of 55.85 euros apiece.
($1 = 0.9410 euros)
(Reporting by Christoph Steitz; Editing by Victoria Bryan)