Reuters logo
Aixtron must plan strategy alone after merger collapse-German EconMin
December 9, 2016 / 12:17 PM / a year ago

Aixtron must plan strategy alone after merger collapse-German EconMin

BERLIN, Dec 9 (Reuters) - The German Economy Ministry has no business in planning a strategy for semiconductor chipmaking machinery company Aixtron 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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below