Wacker Chemie picks banks for Siltronic IPO-sources

April 16, 2015 9:11 AM

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FRANKFURT, April 16 (Reuters) - Germany's Wacker Chemie is stepping up preparations for a stock market listing of its silicon wafer business Siltronic and has mandated banks to organise the move, two people familiar with the deal said.

Citi and Credit Suisse are coordinating the initial public offering of Siltronic which may take place later this year, they said.

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