Wednesday, April 01, 2020

Aditya Birla unit to take over Thai Carbon Black

Mar 08. 2016
Facebook Twitter

By The Nation

India-based Aditya Birla Group's subsidiary SKI Carbon Black (Mauritius) is launching the mandatory tender offer for all remaining shares it does not own in Thai Carbon Black.
It would tender for 213.76 million shares or 71.25 per cent of Thai Carbon Black's issued shares. At the price of Bt22 apiece, the deal will cost Bt4.7 billion.
The tender offer was filed to the Securities and Exchange Commission yesterday. 
SKI recently boosted its stake in the Thai company to 28.75 per cent, which automatically forces it to launch the mandatory tender offer. 
Established in 1978, Thai Carbon Black is a leading manufacturer of carbon black in Thailand with a capacity of 275,000 tonnes per annum, according to data on Aditya Birla Group's website. It also has the capability of producing customised carbon black grades as per requirement. TCB has the unique distinction of supplying Carbon Black to all the six continents from a single location. It meets over 50% of Japan’s total Carbon Black imports and also supplies to other global markets including Indonesia, Philippines, Malaysia, China, Korea, Taiwan and Australia.

 

Tags:
Facebook Twitter
More in Business
Editor’s Picks
wmg-logo
Top News
wmg-logo