Posted in | News | Business | Aluminum / Aluminium

Alcoa Bid for Controlling Share in Elkem

Download PDF Copy

Oct 9 2002

It was announced today that Alcoa would initiate a tender to purchase 3.5 million shares in the Norwegian company Elkem.

They have offered to purchase the shares at 175 Norwegian kroner. If the tender is successful, Alcoa’s share in Elkem will increase from 46.3% to 53%, giving them a controlling share in the company.

Through a 50/50 joint venture with Alcoa, Elkem is the second largest aluminium producer in Norway, with a production capacity of 210,000 tons per year. Elkem are also the largest supplier of silicon in the world.

The two company’s also have a long history of co-operation, and co-own plants in Norway.

Alcoa see the purchase as a solid long-term investment. Having a controlling share will enable them to guide the company’s future

For more information on aluminium, click here.

Download PDF Copy

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback

Public Comment

Private Feedback to AZoM.com

Submit

Sign in to keep reading

We're committed to providing free access to quality science. By registering and providing insight into your preferences you're joining a community of over 1m science interested individuals and help us to provide you with insightful content whilst keeping our service free.

Sign in with Google

Sign in with Apple

Sign in with LinkedIn

Sign in with Facebook

or

Sign in with email

The ETHOS UP: Microwave Labstation Built for High Performance Sample Digestion

The ETHOS UP: Microwave Labstation Built for High Performance Sample Digestion

The ETHOS UP microwave labstation provides reliable, rotor based digestion with precise control to support consistent laboratory sample preparation.

From Milestone S.r.l.

The Ultimate Guide to Absolute Molecular Weight Analysis Using BeSEC

The Ultimate Guide to Absolute Molecular Weight Analysis Using BeSEC

Discover how BeSEC’s dual-angle light scattering technology enables precise, calibration-free measurement of absolute molecular weight.

From Bettersize Instruments Ltd.

Increase Sieving Efficiency with the SIEVEA 502 Vibratory Sieve Shaker

Increase Sieving Efficiency with the SIEVEA 502 Vibratory Sieve Shaker

Streamline particle size analysis with the SIEVEA 502 Vibratory Sieve Shaker.

From AIMSIZER SCIENTIFIC PTE.LTD.

Engineering Solutions for Modern Oil and Gas

Engineering Solutions for Modern Oil and Gas

Today's oil and gas engineers are innovating with materials and surface technologies to enhance equipment reliability and address critical industry challenges.

Flare Stacks in Oil & Gas Safety

Flare Stacks in Oil & Gas Safety

Flare system design, informed by API 521, is crucial for safety and emissions control in oil and gas, addressing pressure relief and operational efficiency.

The Carbon Cost: Rethinking Modern Materials

The Carbon Cost: Rethinking Modern Materials

Learn how cement, steel, aluminum, and plastics drive emissions and the most credible pathways to cut them: CCS, hydrogen DRI, inert anodes, and recycling.

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

To start a conversation, please log into your AZoProfile account first, or create a new account.

Registered members can chat with Azthena, request quotations, download pdf's, brochures and subscribe to our related newsletter content.

A few things you need to know before we start. Please read and accept to continue.

Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
Large Language Models can make mistakes. Consider checking important information.

I understand, and agree to receive occasional emails about Azthena such as usage tips and new feature announcements.

Please check the box above to proceed.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.