RHI divests dolomite business to Intocast
Published: Monday, 02 October 2017
RHI is divesting its dolomite operations in Spain and Italy, which will be taken over by Germany’s Intocast, following European directives prior to the merger with Magnesita. Separately, the company is also selling off the fused cast refractories for glassmaking business in Italy and Russia.
Austrian-headquartered RHI has reached an agreement with
Intocast Group to take over its dolomite business, in a
divestment that the European Commission imposed as part of
the merger process with Brazilian refractory maker Magnesita,
RHI told IM.
The pool of assets being sold consists of two production