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. Last Updated: 07/27/2016

Russia Eyes France’s Altis

Russian companies are eyeing a stake in France’s Altis Semiconductor in what could be a step toward diversifying and modernizing the economy, Vedomosti reported Wednesday.

Germany’s Infineon has been looking to sell its stake in Altis, a joint venture with IBM, and said in December that it was confident of a deal in 2010.

One of Russia’s state corporations could announce the purchase of the French electronic components maker soon, a source close to the deal told Vedomosti. Two other sources said Rusnano was interested.

(Reuters)