Siemens plans sale of Infineon shares

Germany's Siemens will sell its remaining 18.2% interest in semiconductor manufacturer Infineon for about 1.1 billion euros ($1.31 billion), an AFP report said.

The report said investment bank Goldman Sachs would take charge of selling the 136.29 million shares. Dealers said the sale was made at a price between 8.1 and 8.3 euros per share.

The sale ended Siemens' involvement in Infineon, the second biggest European maker of semiconductors, which was floated on the stock market in 2000, the report said.

The report added that Siemens had progressively sold off its shares in the German firm since it ceased being Infineon's majority shareholder in 2001.

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