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Germany withdraws approval of Aixtron takeover

Staff Writer | October 24, 2016
The German government has withdrawn its approval for a Chinese takeover of chip equipment maker Aixtron, throwing up an unexpected hurdle for a €670 million deal.
Aixtron
Acquisition   The government had cleared the deal...
The government had cleared the deal on September 8, but Aixtron now said that the economy ministry had now withdrawn the clearance certificate for China’s Fujian Grand Chip Investment Fund , a Chinese investment fund controlled by businessman Zhendong Liu, and planned to reopen a review of the takeover.

Aixtron did not say why the government had reversed its decision.


 

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