AYALA-LED chipmaker Integrated Micro-Electronics, Inc. (IMI) has moved to exchange a 12% stake in the company along with cash for a Belgium-based technology firm’s three subsidiaries in Bulgaria, Mexico and the Czech Republic.
IMI’s payoff to EPIQ NV, valued at €43-million total, is said to broaden the Philippine company’s manufacturing base abroad as well as boost its engineering know-how when the transaction is completed “no later than the fourth quarter of 2011,” a statement released yesterday showed.
Before this, AYC Holdings, Ltd. held a 35% stake in IMI followed by Ayala Corp. with a 22% interest, according to data on the company’s Web site.
IMI said the acquisition was conducted through its subsidiary Coöperatief IMI Europe U.A.
Read here
IMI’s payoff to EPIQ NV, valued at €43-million total, is said to broaden the Philippine company’s manufacturing base abroad as well as boost its engineering know-how when the transaction is completed “no later than the fourth quarter of 2011,” a statement released yesterday showed.
Before this, AYC Holdings, Ltd. held a 35% stake in IMI followed by Ayala Corp. with a 22% interest, according to data on the company’s Web site.
IMI said the acquisition was conducted through its subsidiary Coöperatief IMI Europe U.A.
Read here
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