Corporacion America agrees SIX purchase from EBX

Argentine holding company Corporacion America agreed Monday to buy EBX’s 33.02% stake in Brazilian firm SIX Semiconductors. The acquisition price was not disclosed. SIX is owned by EBX through SIX Soluções Inteligentes, as well as Brazilian development bank BNDES, the Minas Gerais development bank BDMG, IBM, Matec Investimentos, and Tecnologia Infinita WS-Intecs. The firm is building an industrial and medical chip production plant in Brazil, which is set to be the largest of its kind in the southern hemisphere.