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Umicore planning to take stake in France's Picogiga.
Umicore, the Belgian non-ferrous metals producer, said it aims to take a € 5,5 million stake in French thin film specialist Picogiga through the latter's public exchange offer and capital rise. Depending on the outcome of the capital rise, Umicore expects to own 40-47 % of Picogiga's share capital for an investment of € 5,5 million. Picogiga's core business is growing epitaxial layers on compound semiconductor substrates, today mainly gallium arsenide wafers, using molecular beam epitaxy technology. The acquisition would develop Umicore's use of germanium to applications other than space solar cells. (source:AFX)
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