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Announced

Completed

Elkem completed the acquisition of a 50% stake in Elkem Salten energy recovery plant.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Norway

Domestic

energy recovery plant

Renewable Energy Equipment

Friendly

Majority

Single Bidder

Completed

Acquisition

Private

Synopsis

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Elkem, a provider of advanced material solutions shaping a better and more sustainable future, completed the acquisition of a 50% stake in Elkem Salten energy recovery plant. Financial terms were not disclosed. "Elkem aims to be part of the solution to combat climate change - and to be one of the winners in the green transition. The new energy recovery plant at Elkem Salten, developed together with our partners in Kvitebjørn Energi and with financial support from Enova, further strengthens our efforts to ensure environmentally friendly silicon and ferrosilicon production with the lowest possible emissions and lowest possible use of resources," Helge Aasen, Elkem CEO.

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