Enterprise group Orkla ASA of Norway said yesterday that the company has with China National Bluestar (Group) Co., Ltd. (hereinafter referred to as Blue Star Group) signed an agreement to a price of $ 2,000,000,000 subsidiary of Elkem sold to the latter. After the success of the acquisition, Blue Star Group will become one of the world's largest silicon metal manufacturer.
local media reported that the transaction is expected to be completed in the first half of 2011.
production of silicon metal 10% of the world
documented information, Elkem's main business is production of semiconductor silicon solar panels. As of the end of the second quarter of 2010, Elkem valuation of 120 million Norwegian kroner (about $ 2,515,500,000).
Orkla This time the assets sold to Blue Star Group, including Elkem's silicon production-related business, including Elkem Silicon Materials, Elkem Foundry Products, Elkem Elkem coal and solar grade silicon business. Elkem's energy sector is not included. Elkem said its patented solar grade silicon production method can save more than three-quarters of energy consumption of traditional technology.
Silicon Materials Information Research Center of China, Deputy Secretary-General Baihong Qiang said yesterday.
Baihong Jiang said the acquisition will enable Blue Star Group has successfully entered the field of polysilicon, stars layout of polysilicon to make up for deficiencies before. At present, demand for polysilicon, 5.6 million tons, but the annual output of 3.8 million tons, roughly 40% of the gap.
Group stake. Bluestar New Chemical Materials Group, and specialty chemicals based industry, the total assets of 300 billion yuan, annual sales of more than 300 billion yuan. Blue Star New Materials Group Company * ST (600,299), Shenyang Chemical Industry (000698) two listed companies, organic silicon monomer, PVC paste resin production scale ranks third in the world.
this acquisition, Blue Star Group will also have a world class metal silicon, organic silicon, polysilicon and photovoltaic cell production capacity.
polysilicon, but on the other hand, Wacker, Dow Corning, also have to buy some metal from the silicon Bluestar. has changed. Hong strong emphasis.
another development, the Norwegian Minister of Trade and Industry, special Long Ji Sike (Trond Giske) local time on the 10th that it will be acquired by China National Bluestar Group, Elkem's silicon products sector, as improvement of bilateral relations signal.
Orkla ASA and the Blue Star Group's transactions are as favorable currency NOK news. London, Reuters quoted a trader as saying the funds on speculation that the deal will be signed the day all the way to get cash, Crown to sell the euro against the upward revision.
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