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Mondo mines 800,000 tpa talc, including the Lahnaslampi Mine in Sotkamo in Finland (pictured), which is processed at plants in Sotkamo, Vuonos and Kaavi
Mondo Minerals |
HgCapital intends to sell subsidiary Mondo Minerals BV, the world’s second largest talc producer, to the London-based private equity group Advent International Corp.
HgCapital, which had acquired Finland’s Mondo Minerals from European ground calcium carbonate producer (GCC) Omya AG in 2007, put Mondo up for sale in March this year.
The sale of Mondo, which produces about 800,000 tpa (13% of world production), is anticipated to complete in the next four months.
“We signed exclusivity. The deal itself should be signed in the upcoming weeks and the closing is expected by the end of October,” Guillaume Darbon,...