Key highlights
- Placed 2.1 million Siltronic shares at €89.35 each, generating gross proceeds of ~€188 million.
- Placement represented 7% of Siltronic's capital and reduced WACKER's stake to ~24%.
- Shares were sold via a private accelerated bookbuilding to qualified and international institutional investors.
- WACKER agreed not to sell further Siltronic shares for 90 days; Rothschild & Co acted as financial advisor.
Transaction details
WACKER placed 2.1 million Siltronic shares at €89.35 per share in a private placement, generating gross proceeds of approximately €188 million.
Stake impact
The placement represented 7% of Siltronic’s capital stock and reduced WACKER’s ownership to about 24%, keeping it the largest shareholder.
Placement mechanics
Shares were sold via an accelerated bookbuilding process exclusively to qualified and international institutional investors; no further offer will be made.
Lock-up and advisor
WACKER agreed with the executing bank not to sell additional Siltronic shares for 90 days subject to certain exemptions and waivers; Rothschild & Co acted as financial advisor.
