Flexible Electronics News

NXP Receives EC Approval for Divestiture of Standard Products Business

Continues to expect to close the transaction 1Q 2017.

NXP Semiconductors N.V. announced that the European Commission (EC) has approved the transaction under which NXP divests its Standard Products business (Nexperia) to a consortium of financial investors consisting of Beijing Jianguang Asset Management Co., Ltd (JAC Capital) and Wise Road Capital Ltd.
 
NXP continues to expect to close the transaction in the first quarter of 2017.

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