02
Oct
16:08
Tokai Carbon to acquire SGL US subsidiary
Japan’s Tokai Carbon plans to acquire for JPY 12.9 billion ($114.4 million) 100% of the outstanding shares in SGL’s US-based subsidiary SGL GE Carbon Holding. The transaction will take place immediately after Showa Denko completes the acquisition of Germany-headquartered SGL GE.
The initial agreement for Japan’s Showa Denko to acquire the graphite electrodes business of SGL Carbon was signed twelve months ago (see Kallanish passim).
Tokai Ca…
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Very good overview of the weekly steel market.
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