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Electronics Production | May 23, 2008

EU deadline for Foxconn/Sanmina<br>transaction is June

The European Commission has announced that deadline for its enquiry into Foxconn's acquisition of Sanmina-SCI assets is set for June, 24.

As evertiq reported in February, Foxconn will buy certain Sanmina-SCI assets - such as computer related operations and logistics - in Hungary, Mexico and the USA. Sanmina-SCI is expecting funds of about $80 million to $90 million. This figure will also include funds raised through the sale of related assets, not included in the deal.
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