Business
Elkem ASA - Elkem enters exclusive sales process for Silicones division
Reference is made to the stock exchange release published 23 January 2025 announcing Elkem ASA's ("Elkem" or the "Company") initiation of a strategic review of the Silicones division, with the ambition to streamline Elkem, as well as to enable allocation of capital to accelerate growth in the Silicon Products and Carbon Solutions divisions.
About this update from Elkem Asa
[{"type":"text","content":"OSLO, Norway, Sept. 18, 2025 /PRNewswire/ -- Reference is made to the stock exchange release published 23 January 2025 announcing Elkem ASA's ("Elkem" or the "Company") initiation of a strategic review of the Silicones division, with the ambition to streamline Elkem, as well as to enable allocation of capital to accelerate growth in the Silicon Products and Carbon Solutions divisions.","length":411,"tagName":"p"},{"type":"text","content":"Elkem has now entered an exclusive sales process with a counterparty. The contemplated process is well aligned with the strategic review and represents an important milestone amid a challenging market environment.","length":213,"tagName":"p"},{"type":"text","content":"Following an evaluation of alternative options, the Company has decided to pursue exclusive negotiations with a major industrial player that has a significant presence in the global chemicals industry. Elkem is confident that the potential transaction would represent the best possible outcome for the Silicones division as well as the Company and all its stakeholders.","length":369,"tagName":"p"},{"type":"text","content":"Subject to negotiations, agreement and necessary approvals, the closing of the transaction is expected to occur in the first half of 2026.","length":138,"tagName":"p"},{"type":"text","content":"ABG Sundal Collier ASA is acting as financial advisor to Elkem.","length":63,"tagName":"p"},{"type":"text","content":"For further information, please contact:Odd-Geir LyngstadVP Finance & Investor RelationsTel: +47 976 72 806Email: [email protected]","length":149,"tagName":"p"},{"type":"text","content":"Marianne StigsetVP Corporate Communications & Public AffairsTel: +47 411 88 482Email: [email protected]","length":124,"tagName":"p"},{"type":"text","content":"About Elkem:","length":12,"tagName":"p"},{"type":"text","content":"Elkem is one of the world's leading providers of advanced silicon-based materials shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustaina...