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,…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with