Shareholders of RHI Magnesita NV on Tuesday received an offer for a 20% stake in the company that values RHI as a whole at GBP1.38 billion in total.
Ignite Luxembourg Holdings Sarl, a company. | May 30, 2023
Shareholders of RHI Magnesita NV on Tuesday received an offer for a 20% stake in the company that values RHI as a whole at GBP1.38 billion in total.
Ignite Luxembourg Holdings Sarl, a company. | May 30, 2023
RHI Magnesita surged on Tuesday after Ignite Luxembourg Holdings, which is indirectly managed by Rhone Holdings, offered to buy a 20% stake in the company at 2,850p per share in cash.
RHI Magnesita surged on Tuesday after Ignite Luxembourg Holdings, which is indirectly managed by Rhone Holdings, offered to buy a 20% stake in the company at 2,850p per share in cash.
21st Austria weekly - RHI Magnesita RBI 05/05/2023 [pic1]RHI Magnesita: Refractory company Magnesita provided an update on trading for the three months to 31 March 2023 Q1 . The momentum of improving EBITA and margins established in 2022 continued through first quarter as lower cost inflation offset expected reduction sales volumes. volumes were 8% than Q1 2022 line with management expectations overall market demand. As anticipated steel cement demand outside India China softened due a slowdown construction activity whilst Industrial Projects segment remained strong. ahead guidance approximately 10% but pricing pressure is anticipated remainder year input costs reduce refractory producers globally.RHI