The transaction between Elkem and Fesil AS has been closed

Source: China National Bluestar (Group) Co, Ltd.

Oslo, 5 December 2016: The Competition authorities have approved the transaction between Elkem and Fesil AS where Elkem has purchased all the shares in Fesil Rana Metall AS and the company’s 33% share in Nor-Kvarts AS. The transaction has now been closed.

Based in Norway, Elkem is one of the world’s leading companies for environmentally responsible production of metals and materials. Its principal products are silicon, silicones, ferrosilicon, foundry alloys, carbon materials and microsilica.

The authorities have approved the transaction between Elkem and Fesil AS and the agreement is now closed. Elkem will now start to integrate the new Elkem Rana AS into the Elkem organization.

About Elkem

Elkem is one of the world’s leading providers of silicon-related advanced materials. The Company is a fully integrated producer with operations throughout the silicon value chain from quartz, silicon and downstream silicone specialities as well as speciality ferrosilicon alloys and carbon materials. Headquartered in Norway,  Elkem has a strong global footprint with about 3700 employees, 23 production plants, two research centres and sales offices in over 50 countries. Elkem is owned by China National Bluestar.

About Fesil Rana Metall and Nor-Kvarts AS

Fesil Rana Metall is a producer of standard and speciality ferrosilicon and microsilica based in Mo i Rana, Norway. The company has approximately 100 employees. Revenues in 2015 were 910 million NOK. Nor-Kvarts AS is a joint venture between Elkem and Fesil that runs five quartz production facilities in Spain.

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