Siemens sells 150 million shares of Infineon Technologies

Siemens sold 150 million ordinary registered shares of Infineon Technologies AG, representing approx. 20.8% of the outstanding share capital of the company in an accelerated book-build offering. Pricing of the Offering is expected to take place today. The offer price is expected to be announced after the close of business today. With this transaction, Siemens’ current ownership interest decreases from nearly 40 percent to approx. 19 percent. The Offering comprises an international private placement to institutional investors outside the United States under Regulation S (as defined in the U.S. Securities Act of 1933, as amended (the "Securities Act")) and to qualified institutional buyers (as defined in Rule 144A under the Securities Act) in the United States. Source: PCBnewsline