Siemens plans Infineon get-out

Siemens plans Infineon get-out
Alex Mayhew-Smith
Siemens has confirmed that in the flotation of Infineon Technologies – its semiconductor business – it will eventually reduce its stake to a minority share or to no stake at all.
It will retain a 50 per cent stake of Infineon at its initial public offering.
The semiconductor division made a pre-tax loss in the first half of 1999 of DM104m, compared to a loss of DM852m for the full year in 1998.

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