Wacker family gains complete ownership of business

By Liz White, ERJ staff

Munich, Germany-The Wacker family gained 100-percent control in Wacker-Chemie recently when Hoechst AG, a subsidiary of Sanofi-Aventis, signed a contract to sell all its remaining shares in Wacker-Chemie-around 44.4 percent -to a holding company controlled by the family.

“This divestment marks the end of an 84-year-old partnership between Hoechst AG and the Wacker family, dating back to the times when Wacker-Chemie was established,” said an 8 Aug statement from Wacker.

Both parties agreed not to reveal financial details of the transaction,…

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