Ron Burgundy Posted December 7, 2016 Share Posted December 7, 2016 FRANKFURT (Reuters) - Taiwan's Foxconn, the world's largest contract electronics manufacturer, could take over Austrian IT group S&T AG, S&T's chief executive told a German magazine. "If we develop poorly and our share price falls significantly I expect that Foxconn will do a full takeover," weekly magazine WirtschaftsWoche quoted Hannes Niederhauser as saying in an interview in its BoersenWoche newsletter. Foxconn unit Ennoconn raised its holding in S&T to 29.4 percent in a capital increase in October. (Reporting by Maria Sheahan; Editing by Christoph Steitz) View the full article Quote Link to comment Share on other sites More sharing options...
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