Morgan Stanley increases stake in Soitec

In a filing with the AMF, Morgan Stanley declared that it crossed above the 5% threshold of Soitec's share capital and voting rights on April 22, acting indirectly through its subsidiaries.

The U.S. investment bank specified that it indirectly holds 2,325,552 Soitec shares representing an equivalent number of voting rights, or 6.50% of the capital and 5.08% of the voting rights of the semiconductor materials supplier.

This threshold breach resulted from an off-market acquisition of Soitec shares. On this occasion, Morgan Stanley & Co. International individually crossed above the 5% threshold of the French group's share capital.