Infineon Aims for Up to EUR3 Billion in Acquisitions, Focus Money Reports
May 31 2023 - 8:25AM
Dow Jones News
-- Infineon is aiming to conclude acquisitions for a total of up
to 3 billion euros ($3.22 billion) in order to further progress its
growth course, the company's chief financial officer Sven Schneider
said in an interview in Focus magazine's Money section.
-- The German chip maker currently has liquidity of almost
EUR3.5 billion, but it isn't on course to make big acquisitions,
the executive told Focus. It will rather focus on small and
medium-sized ones, in the neighborhood of EUR1 billion to EUR3
billion, Schneider said.
Link to the magazine, in German: https://shorturl.at/ajvDT
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
May 31, 2023 08:10 ET (12:10 GMT)
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