Portuguese Investor Proposes to Acquire Qimonda Portugal

Local Investor Shows Interest in Qimonda Portugal as Russian Semi Makers Deny Any Interest

by Anton Shilov
04/06/2009 | 06:14 PM

An entrepreneur from Portugal has proposed to acquire Qimonda Portugal and is willing to keep the staff. No exact details are clear, but any news is a good news for Qimonda, which faces liquidation if no investor is found within the following months.

 

Portuguese entrepreneur Joao Paulo Tomas has presented his acquisition offer to officials of the Portugal economy ministry and will now move it to Portugal's investment and foreign trade agency AICEP for analysis, reports Tradingmarkets web-site. The sum of the investment is not known, but Mr. Tomas reportedly plans to establish a Portuguese-German consortium for the transaction and to keep the staff in case the deal goes through.

Even though the officials for Portugal “expressed interest about the project”, an investor for Qimonda in Germany must also be found.

Back in March, the government of Portugal, where Qimonda has manufacturing facilities, said it was ready to buy 14% stake in the Qimonda. Germany is also willing to acquire 25% stake in the company. However, both countries will only invest provided that there are foreign investments.

In a separate news, potential buyers of Qimonda, Russia-based semiconductor manufacturers Angstrem, Sitronics and AFK Sistema, denied any interest in the troubled memory maker, which is quite understandable as those manufacturers are focused on creation of custom semiconductors for various local projects, not mass production of dynamic random access memory.