Press releases () Oerlikon receives regulatory approval to divest its Solar Segment
Pfäffikon SZ, Switzerland – October 22, 2012 – The Chinese Ministry of Commerce (MOFCOM) has given merger control approval for the sale of Oerlikon’s Solar Segment to Tokyo Electron Ltd. (TEL).
The contract to divest the Solar Segment was signed by Oerlikon and TEL on March 2, 2012. With the Chinese approval, all regulatory requirements necessary to close the deal have been fulfilled. Oerlikon thanks the German and Chinese authorities for their professional handling of the merger control assessment. The companies are now entering the closing process.