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Chinese chemical company Bluestar Group acquires 100% stake in Elkem, a leading company in the global silicon materials industry

time:2011-04-08 browse:21667次

On April 14, 2011, the acquisition of Norwegian Elkem by China Bluestar (Group) Co., Ltd. was completed.

Elkem is a wholly-owned subsidiary of the Norwegian Orkla Group. It is a leading company in the global silicon materials industry. There are many factories and sales centers around the world. Its business includes silicon materials, casting, carbon, solar energy, etc , Annual sales income is about 2 billion US dollars.

Blue Star and Ocella signed an agreement to acquire 100% of Elkem's shares on January 10, 2011 at a transaction price of $ 2 billion. The transaction was approved by the relevant regulatory authorities.

Bluestar is a leading chemical new materials and specialty chemical enterprise group. It is jointly held by China National Chemical Corporation and American Blackstone Group. Its asset scale and sales revenue exceed 7.5 billion U.S. dollars, and its business covers more than 140 countries and regions worldwide.

Royal Bank of Scotland, PricewaterhouseCoopers, Selmer, Star, Gao Weishen, Zhong Lun Wende, Photon, CRU served as Blue Star consultants, and Oriental Viking Investment Management Group, Moelis & Company, Thommessen served as consultants for Oklahoma.