Atlas Metals Group to acquire Universal Pozzolanic Silica Alumina for £1bn.

Atlas Metals Group, a company focused on identifying projects and/or acquisition opportunities, agreed to acquire Universal Pozzolanic Silica Alumina, the licensed owner of one of the world's largest reserves of pozzolanic silica alumina, for £1bn. "We are delighted to have signed the conditional share purchase agreement to acquire UPSA. This transaction is anticipated to transform Atlas in the near term into a £1 billion plus market cap company, delivering substantial value for Atlas shareholders and a unique proposition on the London Stock Exchange," Chris Chadwick, Atlas CEO.