Infineon to sell stake in Qimonda
Infineon is looking to reduce its stake in memory manufacturer Qimonda to ‘significantly less than 50%’ before its 2009 Annual Shareholder Meeting, likely to be held in February that year. Infineon currently holds more than 85% of Qimonda.
“Carving out and listing our memory business last year effectively created two focused companies, each with a well defined strategy and clear prospects,” said Dr Wolfgang Ziebart, Infineon’s president and ceo. “With today’s decision, we are gaining another option to reduce our stake and are increasing the flexibility regarding the speed of the reduction. At the same time we are strengthening both companies.”
