* Wacker shares down 1.2 pct, Siltronic down 2.9 pct (Adds details, shares)
FRANKFURT, Dec 2 (Reuters) - Wacher Chemie is in early talks with Chinese suitors interested in taking a stake in the German chemical group's silicon wafers unit Siltronic , three people familiar with the matter said.
* Shares fall to lowest level in more than 2.5 yrs (Recasts, adds analyst, context)
FRANKFURT, Feb 2 (Reuters) - German specialty chemicals maker Wacker Chemie posted forecast-beating core earnings in the fourth quarter, lifted by rising demand at its chemicals division as well as a weak euro.
* Ceo says we don't see average selling prices for polysilicon going down much further
Germany stocks were lower after the close on Thursday, as losses in the Food&Beverages, Utilities and Construction sectors led shares lower. At the close in Frankfurt, the DAX lost 0.69%, while the MDAX index lost 0.78%, and the TecDAX index lost 0.67%. The best performers of the session on the DAX were Deutsche Telekom AG Na (XETRA:DTEGn), which rose 1.32% or 0.205 points to trade at 15.750 at the close. Meanwhile, Deutsche Boerse NA O.N. (XETRA:DB1Gn) added 1.02% or 0.750 points to end at 74.480 and Deutsche Bank AG NA O.N. (XETRA:DBKGn) was up 0.23% or 0.065 points to 28.105 in late trade. The worst performers of the session were RWE AG ST O.N. (XETRA:RWEG), which fell 2.93% or 0.630 points to trade at 20.845 at the close. E.ON SE NA (XETRA:EONGn) declined 2.77% or 0.375 points to end at 13.140 and Heidelbergcement AG O.N. (XETRA:HEIG) was down 2.41% or 1.790 points to 72.340. The top performers on the MDAX were Deutsche Wohnen AG Inh (XETRA:DWNG) which rose 1.83% to 21.755, Wacker Chemie O.N. (XETRA:WCHG) which was up 1.76% to settle at 101.450 and Deutsche Euroshop AG O.N. (XETRA:DEQGn) which gained 0.82% to close at 43.525. The worst performers were Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which was down 4.45% to 14.805 in late trade, Gagfah SA Nom. (XETRA:GFJG) which lost 2.86% to settle at 13.600 and Salzgitter AG O.N. (XETRA:SZGG) which was down 2.83% to 33.760 at the close. The top performers on the TecDAX were SMA Solar Technology AG (XETRA:S92G) which rose 5.18% to 19.585, Adva Optical Networking SE (XETRA:ADAG) which was up 2.00% to settle at 6.732 and QSC AG NA O.N. (XETRA:QSCG) which gained 1.07% to close at 2.170. The worst performers were Nordex SE O.N. (XETRA:NDXG) which was down 2.27% to 21.300 in late trade, Xing AG (XETRA:OBCGn) which lost 2.15% to settle at 166.300 and Wirecard AG (XETRA:WDIG) which was down 2.03% to 36.765 at the close. Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 558 to 176 and 34 ended unchanged. Shares in RWE AG ST O.N. (XETRA:RWEG) fell to 52-week lows; losing 2.93% or 0.630 to 20.845. Shares in Adva Optical Networking SE (XETRA:ADAG) rose to 3-years highs; up 2.00% or 0.132 to 6.732. The DAX volatility index, which measures the implied volatility of DAX options, was up 0.52% to 23.15. Gold for August delivery was down 0.86% or 10.20 to $1174.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 2.52% or 1.50 to hit $58.14 a barrel, while the July Brent oil contract fell 2.56% or 1.64 to trade at $62.16 a barrel. EUR/USD was down 0.07% to 1.1266, while EUR/GBP fell 0.18% to 0.7336. The US Dollar Index was up 0.05% at 95.39.
Germany stocks were higher after the close on Monday, as gains in the Food&Beverages, Financial Services and Media sectors led shares higher. At the close in Frankfurt, the DAX gained 0.19%, while the MDAX index added 0.86%, and the TecDAX index climbed 0.30%. The best performers of the session on the DAX were Henkel AG&Co Kgaa Vzo (XETRA:HNKG_p), which rose 1.28% or 1.400 points to trade at 110.350 at the close. Meanwhile, Infineon Technologies AG NA O.N. (XETRA:IFXGn) added 1.10% or 0.130 points to end at 12.000 and Continental AG O.N. (XETRA:CONG) was up 1.07% or 2.250 points to 212.500 in late trade. The worst performers of the session were Lanxess AG (XETRA:LXSG), which fell 1.40% or 0.705 points to trade at 49.825 at the close. Commerzbank AG O.N. (XETRA:CBKG) declined 0.66% or 0.080 points to end at 12.035 and Lufthansa AG VNA O.N. (XETRA:LHAG) was down 0.66% or 0.085 points to 12.715. The top performers on the MDAX were Deutsche Annington Immobilien SE (XETRA:ANNGn) which rose 5.89% to 30.48, Wacker Chemie O.N. (XETRA:WCHG) which was up 3.21% to settle at 102.000 and Tag Immobilien AG (XETRA:TEGG) which gained 2.39% to close at 11.990. The worst performers were Fraport AG (XETRA:FRAG) which was down 2.13% to 58.490 in late trade, Kloeckner&Co SE NA (XETRA:KCOGn) which lost 1.25% to settle at 7.840 and Bilfinger SE O.N. (XETRA:GBFG) which was down 1.24% to 38.220 at the close. The top performers on the TecDAX were SMA Solar Technology AG (XETRA:S92G) which rose 8.58% to 18.475, Bechtle AG O.N. (XETRA:BC8G) which was up 2.35% to settle at 68.460 and BB Biotech AG (XETRA:BIONn) which gained 1.21% to close at 287.850. The worst performers were Draegerwerk VZO O.N. (XETRA:DRWG_p) which was down 3.96% to 96.140 in late trade, Drillisch AG O.N. (XETRA:DRIG) which lost 1.68% to settle at 41.610 and Jenoptik AG O.N. (XETRA:JENG) which was down 1.37% to 11.480 at the close. Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 388 to 363 and 28 ended unchanged. Shares in Kloeckner&Co SE NA (XETRA:KCOGn) fell to 52-week lows; falling 1.25% or 0.099 to 7.840. Shares in Bilfinger SE O.N. (XETRA:GBFG) fell to 5-year lows; down 1.24% or 0.480 to 38.220. The DAX volatility index, which measures the implied volatility of DAX options, was up 3.20% to 23.54. Gold for August delivery was up 0.34% or 4.00 to $1193.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.96% or 0.58 to hit $59.72 a barrel, while the July Brent oil contract fell 1.21% or 0.80 to trade at $64.77 a barrel. EUR/USD was down 0.73% to 1.0909, while EUR/GBP fell 0.01% to 0.7185. The US Dollar Index was up 0.72% at 97.64.
FRANKFURT, May 29 (Reuters) - Shares in Wacker Chemie's Siltronic unit worth up to 435 million euros ($477 million) will be sold in the planned initial public offering of the German silicon wafer business, the two companies said on Friday.
* Wacker Chemie shares gain 1.5 percent after news (Recasts, adds context, comment from Siltronic CEO)
* Roughly 30 pct of Siltronic may be floated (Adds details on IPO timing, background)
FRANKFURT, May 7 (Reuters) - Wacker Chemie said on Thursday its second-quarter earnings would get a boost after a solar-sector customer cancelled its contract with the German specialty chemicals maker.
FRANKFURT, April 30 (Reuters) - Wacker Chemie expects more than 100 million euros ($112 million) in retained payments this year as a result of restructured contracts with clients for polysilicon, a key material it supplies to the solar industry, its CFO said. ($1 = 0.8961 euros) (Reporting by Christoph Steitz; Editing by Arno Schuetze)
* Shares indicated to open higher 3.3 pct (Recasts, adds details)
FRANKFURT, April 30 (Reuters) - German specialty chemicals maker Wacker Chemie on Thursday raised its sales forecast for the ongoing year, citing robust demand for its products as well as positive currency effects.
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.
* Trebles 2014 dividend to 1.50 euros per share (Recasts with CEO comments, Siltronic details)
FRANKFURT, March 17 (Reuters) - Germany's Wacker Chemie expects core earnings to decline in 2015, as it does not expect substantial one-off payments it received at its polysilicon business last year to be repeated.
* Shares rise 3.5 pct (Recasts, adds detail on Chinese market, industry background)
FRANKFURT, Jan 24 (Reuters) - German speciality chemicals maker Wacker Chemie will take control of a wafer joint venture it holds with South Korea's Samsung Electronics , it said on Friday.