German semiconductor equipment maker Aixtron said on Monday that German regulator decided to withdraw the certificate of security, or"unbedenklichkeitsbescheinigung" in Germany, for China's Fujian Grand Chip Investment Fund LP (FGC)'s offer to buy Aixtron and will restart investigation.
Aixtron said it received the decision by the Federal Ministry for Economic Affairs and Energy on October 21. Matthias Machnig, State Sectary of the ministry, told Germen paper Die Welt that German government still knows little security information related to the acquisition.
According to Germany's regulation, if the acquisition would not pose threats to Germany's public order and security, the government would issue a certificate for security.
The Ministry for Economic Affairs and Energy had issued the certificate for the deal on September 8. Founded in 1983, Aixtron is a semiconductor supplier headquartered in Herzogenrath, German. However, the company is facing operating problem and has slipped into loss.
FGC offered to buy the company at the price of 6 euros per share, representing a 51 percent premium over the company's share price, and valuing the company at 670 million euros.
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