Greek bauxite and bentonite producer S&B Industrial Minerals announced today that Mytilineos Holdings SA is set to “gradually acquire” its bauxite arm over the next 30 months in a raw material deal for its subsidiary Aluminium SA (ASA).
The initial part of the divestment will see S&B’s bauxite activities spun-off to ASA’s subsidiary Delphi Distomon, which will be restructured in a 51% ASA and 49% S&B holding....