STMicroelectronics to acquire majority stake in Norstel AB

STMicroelectronics signed an agreement to acquire 55% of Swedish silicon carbide wafer manufacturer Norstel AB, with an option to buy the remaining 45% for a total consideration of $137.5 million.

“ST will acquire 55% of Norstel's share capital, with an option to acquire the remaining 45% subject to certain conditions, which, if exercised, will result in total consideration of $137.5 million.”globenewswire.com

• 2 sources
• globenewswire.comSTMicroelectronics to Acquire Majority Stake in SiliconSTMicroelectronics International NVFeb 6, 2019
• globenewswire.comSTMicroelectronics to Acquire Majority Stake in SiliconSTMicroelectronics International NVFeb 6, 2019

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