In November 2005, WACKER became a stock corporation (AG) under German law. Headquartered in Munich, Wacker Chemie AG holds a direct or indirect stake in 56 companies belonging to the WACKER Group. The consolidated financial statements cover 52 fully consolidated companies, and three accounted for using the equity method.
On June 11, 2015, WACKER placed 25.5 percent of its shares in its wholly-owned subsidiary Siltronic AG on the Frankfurt Stock Exchange in an IPO. At the same time, new shares were issued to increase the capital of Siltronic AG, reducing WACKER’s stake by 16.7 percent. Following the IPO, WACKER remains the majority shareholder with its 57.8 percent stake and fully consolidates the company in its financial statements. The total proceeds from the transaction amounted to € 379.5 million. Transaction costs were incurred in the amount of € 17.6 million. You will find more information on changes in the scope of consolidation and the resulting effects in the Notes to the consolidated financial statements in the Changes in the Scope of Consolidation chapter.
Five Operating Divisions
WACKER is based on a matrix organization with clearly defined functions. The Group has five business divisions, each with global responsibility for its products, manufacturing facilities, markets, customers and results. Regional organizations are responsible for all business in their respective countries. WACKER’s corporate departments primarily provide services for the whole Group, although some also have production-related functions.
Group Structure in Terms of Managerial Responsibility