|Gulf Aluminium Council (GAC) is a coordinating body that represents promotes and protects the interests of the aluminium industry within the Gulf. In a conversation with AlCircle,|
France’s Imerys to absorb Greek’s S&B Minerals, excluding bauxite operations
General07/Nov/2014AlCircle.comImerys, a world leading industrial minerals company has signed an absorption deal on Thursday, for the Greek company called S&B Industrial Minerals. The deal is supposedly one of the biggest international mergers in the history of Greek industry.
The deal is said to be worth 558 million euros according to Imerys’ statement in bourse filling from Paris. After the deal comes through, S&B will be controlling 4.5% of the Imerys and the Chairman of the Greek company, Ulysses Kyriakopoulos will become a part of Imerys governing board.
Imerys said the deal represented a “strategic combination for the integration of the main activities of S&B,” while Kyriakopoulos told Kathimerini on Wednesday that the absorption of S&B will not affect the Greek firm’s bauxite activity.
Kyriakopoulos says that the activities in Greece will function normally as before and the company operations will not be affected. He also adds that the bauxite operations would not be a part of the absorption.
Get fresh Aluminium data and insights
Your partner in aluminium cast house and smelters for the latest technology and integration.
Manufacturer of high tech equipment and plants for Aluminium, Copper and Zinc industry
- Get top listed among the 60,000 directory data of AlCircle
- Post your company profile
- Showcase your product with images
- Get Business leads in your inbox