Home
 
Choose Your City
Change City

S&T CEO says full takeover by Foxconn possible: magazine

Reuters

FRANKFURT (Reuters) - Taiwan's Foxconn, the world's largest contract electronics manufacturer, could take over Austrian IT group S&T AG, S&T's chief executive told a German magazine.

"If we develop poorly and our share price falls significantly I expect that Foxconn will do a full takeover," weekly magazine WirtschaftsWoche quoted Hannes Niederhauser as saying in an interview in its BoersenWoche newsletter.

Foxconn unit Ennoconn raised its holding in S&T to 29.4 percent in a capital increase in October.

(Reporting by Maria Sheahan; Editing by Christoph Steitz)

RelatedArticles