Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | June 09, 2008

Finmeccanica to sell STM stake?

Finmeccanica may consider selling its stake in STMicroelectronics to help fund its $4 billion purchase of U.S. defence firm DRS, reports Reuters.
The company also is said to consider a capital increase of more than 1 billion euros (a public offering of about 60% of its Ansaldo Energia unit) as well as taking on debt to finance the $4 billion acquisition of DRS, Reuters said.

The stake in chipmaker STMicroelectronics could raise between €230 and 240 million is the Finance Director Alessandro Pansa cited. The stake in Ansaldo Energia could bring between €800 and 900.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
November 14 2017 8:30 PM V8.8.9-2