$ 2,000,000,000 acquisition of the Norwegian silicon prices BlueStar

 1 10 January, the Norwegian enterprise Oklahoma group (Orkla) announcement that it had agreed to the price of 20 billion dollars to the company's Aiken (Elkem) sold to China National Bluestar Group.

Oklahoma is a diversified company with core businesses in consumer packaged goods, aluminum processing, materials, new energy and financial investment, its most recent fiscal year turnover of around 9.4 billion. The Elkem Materials business is the backbone of Oklahoma-based enterprises, the main business is production of semiconductor silicon solar panels, is the world's largest manufacturer of silicone-related products.

11, China National Bluestar Group Chairman Yu Xin, a spokesman told this reporter that is conducive to the development of the acquisition of Elkem Group, the company's core business. According to the announcement Oklahoma Group, expects the transaction to complete in the first half of 2011.

by the China Blue Star Chemical Group Holding Group, Blackstone Group holds the other 20% stake. Blue Star New Chemical Materials and the specialty chemicals based industry, the total assets of 300 billion yuan, annual sales of more than 300 billion yuan, and has a Blue Star New Materials (600299.SH), Shenyang Chemical Industry (000698.SZ) 2 家listed companies.

Ren Jianxin, chairman of Blue Star Group, said the acquisition will enhance the management capacity of China National Bluestar Group and the technical level, while helping Aiken companies to expand the Chinese market, from China's rapid development and huge market to obtain advantage.


Since 2006, China National Bluestar Group has launched a series of overseas acquisitions, including Adisseo (Adisseo) and Rhodia (Rhodia) silicon business, and Australian companies Qenos. The acquisition of the Blue Star of Aiken, is expected to exceed Volvo cars, second only to 2009, 7.2 billion acquisition of Sinopec oil company Addax Petroleum of Switzerland's second largest EU corporate acquisition.

However, the acquisition of funds come from, I Yu Xin said that need not be disclosed for confidentiality. It is understood that Royal Bank of Scotland, is the China National Bluestar Group as financial advisor for the acquisition.

Blue Star of the acquisition, but recently many overseas Chinese Chemical Group generous one only. Prior to the January 8, in order to column pesticide manufacturer Makhteshim Agan Industries (MA) has just announced that it has signed an agreement of China Chemical Industry Group, which will be 2.4 billion to buy MA 60% of the shares.

(This article Source: 21st Century Business Herald)