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NXP Receives MOFCOM Approval for Divestiture of Standard Products Business

Ministry of Commerce of China has approved the transaction.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

NXP Semiconductors N.V. announced that the Ministry of Commerce (MOFCOM) of China 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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