GERMANY - Apollo to invest in Infineon

The deal would see Infineon launch a right issue of up to 337 million shares at EUR 2.15 each. Late last week the company also announced that it planned to sell its wireline communication unit (WLC), currently the only money-making unit, to a US investor for EUR 250m. No other divestments are planned.

Based in Munich, Infineon Technologies designs, develops, manufactures and markets semiconductors. The group operates in Europe, Asia and North America. It is headquartered in Munich, Germany and employs over 43,000 people. In 2007, the group reported EUR 7.6bn in revenues, a 3.1% decrease 2006.

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