Bluestar to acquire a 52.9% stake in the Silicones division of Elkem.

Bluestar agreed to acquire a 52.9% stake in the Silicones division of Elkem, an international chemical company. Financial terms are not disclosed. "This transaction is the result of a thorough strategic review initiated in early 2025 and reflects the Board's clear ambition to create the strongest possible foundation for long-term value creation. We are confident that the agreement with Bluestar delivers a favourable outcome for Elkem's employees, shareholders and other stakeholders, while positioning both Elkem's metals and materials divisions, and the Silicones division for future growth," Dag J Opedal. Elkem Deputy Chair of the Board of Directors.