Infineon pushes share sale, outsourcing plan

December 16, 2003 – Infineon Technologies wants shareholders to approve the replenishment of a facility that allows for the sale of up to 175 million shares, worth approximately $2.5 billion, according to Dow Jones. Infineon drained 27.5 million shares from the facility, which was approved in 2002 and expires in 2007, in order to fund several purchases, in particular the microelectronics division of Telefon AB LM Ericsson. Infineon also has handed over management of its real estate and facility operations, as part of an ongoing outsourcing plan. Air Liquide GmbH and Kinetics GmbH will take over operation of the gas and chemical supply at Infineon’s European production sites. The five-year, ?145 million deal will reduce Infineon’s real estate and facility management suppliers from 180 to three.


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