GlobalWafers’ Siltronic deal fails as Germany misses approval deadline

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Reuters UK

By Riham Alkousaa and Ludwig Burger BERLIN (Reuters) -Germany could not complete a review of the planned sale of chip supplier Siltronic to Taiwan’s GlobalWafers before a deadline set by the prospective buyer expired on Monday, scuppering the 4.35 billion euro ($4.89 billion) deal, its economy ministry said. “It was not possible to complete all the necessary review steps as part of the investment review – this applies in particular to the review of the antitrust approval by the Chinese authorities, which was only granted last week,” a spokesperson for the ministry said. On Jan. 21, China’s mar…

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