The transaction, announced early last month, has now been cleared by the relevant antitrust authorities and approved by Wackers and Fesils supervisory bodies. Under the terms of the transaction, Wacker will take over all of Fesils production facilities in Holla, including the related real estate.
The strategic acquisition, says the company, is a key step in securing its long-term supply of silicon metal. This strategic acquisition is a key step in securing our long-term supply of silicon metal, said Group CEO Rudolf Staudigl in an earlier release. Acquiring Holla makes us more independent of raw-material price fluctuations and increases our supply security during peak-demand periods.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
Becky Beetz
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.