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...Silicon manufacturers such as Norway’s Elkem ASA could suffer, forcing it to issue force majeure letters to customers on certain materials....
...brief: AB Dynamics rated new “buy” at Liberum; Commerzbank rated new “equal-weight” at Morgan Stanley; DWS upgraded to “neutral” at Merrill Lynch; Deutsche Bank rated new “underweight” at Morgan Stanley; Elkem...
...with “overweight” and Citi started coverage of Elkem with “buy”; Morgan Stanley started coverage of Saras with “overweight”....
...Norway’s Elkem, now owned by Bluestar Group, a subsidiary of ChemChina, can make polysilicon profitably even at current prices....
...The company later purchased Elkem, a Norwegian silicon maker, and Adama, an Israeli agribusiness. The spree shows no signs of slowing....
...Mr Ren is no stranger to Europe, having also acquired French companies Adisseo and Rhodea in 2006 and Norway’s Elkem in 2011....
...transactions include Abu Dhabi-based International Petroleum Investment Company’s $2.3bn acquisition of US-based Nova Chemicals Corporation in 2009; China Bluestar Group’s $2.2bn acquisition of Norway’s Elkem...
...China National BlueStar snaps up Norway’s Elkem (2011): in one of China’s largest ever European acquisitions, China National BlueStar in January paid $2bn for Orkla’s silicon business Elkem....
...Some of the high-profile deals include chemicals company China National Bluestar’s purchase of Norway’s Elkem, a silicon business....
...Recent moves by Chinese businesses into Europe included January’s $2bn acquisition by China National Bluestar of Elkem, a Norway-based supplier of high-purity silicon for the solar power industry....
...The biggest Chinese outbound deal this year so far was China National Bluestar’s acquisition of Elkem, a Norwegian silicon supplier for US$2bn....
...Elkem is the latest in a series of foreign acquisitions by the group....
...Orkla has been looking to sell its Elkem unit as part of efforts to streamline the sprawling group, whose activities range from consumer goods to metals....
...In Oslo, industrial conglomerate Orkla jumped 4.4 per cent to NKr51.47 after it emerged that South Korea’s Posco was considering a takeover of Elkem, which is part of the Orkla group....
...The steelmaker was widely believed to be considering a bid for Norway’s Elkem, a maker of silicon for solar panels....
...Orkla , the Norwegian conglomerate whose Elkem subsidiary’s activities include aluminium production, tumbled 11.8 per cent to NKr97.30 after disappointing with a weaker-than-expected 14 per cent rise in...
...Production of about 26,000 metric tonnes in 2005 came from a small number of producers including Hemlock Semiconductor and MEMC of the US, REC and Elkem of Norway, Wacker of Germany and Tokuyama of Japan...
...Alcoa on Tuesday said it would tender its minority stake in metals maker Elkem ASA to Orkla ASA for about $870 million and announced plans to cut 2,000 jobs over the next year as part of a restructuring....
...s bid for Elkem, the Norwegian specialist metals group. The Orkla board said on Tuesday it had, ?...
...Mr Jebsen unveiled the bid for the outstanding shares in Elkem, which valued the company at NKr11.6bn, on January 10....
...The unit includes recently taken-over Elkem, the world’s biggest producer of silicon metal. The takeover, which proved more costly than expected, has been under intense scrutiny....
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