WACKER successfully completes sale of shares in Siltronic

The placement corresponds to 7 percent of Siltronic's capital stock and reduces WACKER's shareholding in Siltronic to approximately 24 percent. The gross proceeds for WACKER from the placement amount to approximately €188 million. The shares were sold as part of a private placement in the form of an accelerated bookbuilding process to qualified investors and to international institutional investors only.

"We are very satisfied with the development of Siltronic AG and remain supportive of the company's strategy,” says WACKER CEO Christian Hartel. "With proceeds from this transaction, we are strengthening our financial position and creating additional scope to invest in future growth. At the same time, WACKER remains the largest shareholder of Siltronic,” Hartel continues.

WACKER undertook vis-à-vis the bank acting for it on the transaction not to dispose of any further Siltronic shares in the 90 days following launch of the placement, subject to certain exemptions and waiver. Rothschild & Co acted as financial advisor to WACKER.

This press release contains forward-looking statements based on assumptions and estimates of WACKER’s Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forward-looking statements, nor does it assume the obligation to do so.