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Elkem announces agreement to sell majority of Silicones division

This article was originally posted on Chemical Engineering Online.
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Summary
Elkem ASA has signed a definitive share purchase agreement to sell the majority of its Silicones division to Bluestar. The deal will be settled by transferring all Elkem shares currently held by Bluestar (via Bluestar Elkem International Co. Ltd. S.A.) as consideration, with completion subject to customary approvals.

How do you think this share-for-assets deal will reshape Elkem’s focus and the competitive landscape in the global silicones market?

Elkem ASA (Oslo, Norway) announced an agreement to sell the majority of its Silicones division to Bluestar to be settled with all Elkem shares held by Bluestar through Bluestar Elkem International Co. Ltd. S.A. (collectively with its relevant affiliate(s), Bluestar). Elkem has entered into a final share purchase agreement regarding the sale of the majority […]

The post Elkem announces agreement to sell majority of Silicones division appeared first on Chemical Engineering.

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