Elmos Semiconductor SE : Probable refusal on the divestment of the factory in Dortmund to Silex: bad news on a number of fronts – target price cut to € 40 (vs € 50)
>Very likely refusal for the divestment of the Dortmund factory to Silex - Yesterday evening, Elmos announced that the German federal ministry of economy and climate protection (BMWK) had informed the group that the sale of its Dortmund factory to Silex Microsystems (Swedish MEMS foundry owned by the Chinese group Sai MicroElectronics) would probably be refused. The official announcement is anticipated at the forthcoming session of the Council of Ministers on 9 Novemb...ELMOS Semiconductor is engaged in the development, manufacture and distribution of microelectronic components and system parts (application specific integrated circuits or, in short: ASICs) and technological devices with similar functions.Co. divides its activities into: medical technology, semiconductor, which is engaged in the sale of automotive electronics and supplying semiconductors e.g. for applications in household appliances, photo cameras, installation and building technology, and machine control systems; and micromechanics, which is engaged in the sales of product containing micro-electro-mechanical systems which are for the most part silicon-based high-precision pressure sensors.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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