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October 27, 2016

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Aixtron review to last months

A German Economy Ministry review of a Chinese takeover bid for chip equipment maker Aixtron will likely take several months, a ministry spokeswoman said yesterday, declining to give details on why it withdrew clearance for the deal.

The ministry first needs to collect all necessary documents pertaining to the review, she said in Berlin.

Once these have been handed it, the review process will likely last two to three months, she added.

Business daily Handelsblatt said yesterday that US intelligence services had warned Berlin the takeover of Aixtron by Fujian Grand Chip Investment Fund could give China access to technology that could be used for military purposes.


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