OB:ELKChemicals
Elkem Reshapes Portfolio With Silicones Sale As Valuation Draws Attention
Elkem has agreed to sell the majority of its Silicones division to Bluestar in a major reshaping of its business.
The deal will be put to an extraordinary general meeting, where shareholders will vote on the transaction and the redemption of Bluestar's shares.
If approved, Elkem plans to refocus on its remaining Silicon Products and Carbon Solutions segments.
For investors watching OB:ELK, this move comes at a time when the share price is around NOK25.0 and recent returns have been mixed...