RHI and Magnesita agree to merge
Published: Thursday, 06 October 2016
The new company to be set up, RHI Magnesita, will have a foothold in Europe and Latin America and control the sourcing of key raw materials - such as magnesite-based DMB, CCM and DBD - used in refractory production, ensuring global supply with over 50 facilities.
Leading refractory producers, Austria’s RHI AG
and Brazil-based Magnesita GP, have agreed to a merger to
create a new entity, RHI Magnesita, to be based in the
Netherlands and listed on the London stock exchange.
RHI will acquire a controlling stake of Magnesita –
estimated at a 46% share...