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Germany withdraws approval of Aixtron takeover

Staff Writer |
The German government has withdrawn its approval for a Chinese takeover of chip equipment maker Aixtron, throwing up an unexpected hurdle for a €670 million deal.

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The government had cleared the deal on September 8, but Aixtron now said that the economy ministry had now withdrawn the clearance certificate for China’s Fujian Grand Chip Investment Fund , a Chinese investment fund controlled by businessman Zhendong Liu, and planned to reopen a review of the takeover.

Aixtron did not say why the government had reversed its decision.

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