Oerlikon Proceeding With Sale Of Solar Business

Posted by SI Staff on October 23, 2012 No Comments
Categories : New & Noteworthy

The Chinese Ministry of Commerce has given merger control approval for the sale of Oerlikon's solar segment to Tokyo Electron Ltd. (TEL).

The initial contract was signed by Oerlikon and TEL on March 2, but was followed by regulatory delays. With Chinese approval, all regulatory requirements necessary to close the deal have now been fulfilled, according to the companies. Oerlikon and TEL will now enter the closing process for their transaction.

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