#Norway #Oslo #strategic review #Elkem ASA #Silicones Division

Elkem ASA Enters Exclusive Sales Process for Silicones Division

Elkem ASA, a prominent global player in advanced silicon-based materials, recently announced its entry into an exclusive sales process for its Silicones division. This decision follows a strategic review initiated earlier this year, with an aim to streamline the company's operations and reallocate capital to further enhance growth in its Silicon Products and Carbon Solutions divisions.

The company informed stakeholders about this development in a recent press release, indicating that they are currently engaging in negotiations with a major industrial player that possesses significant expertise and a robust presence in the global chemicals market. This move is not only essential for the future of the Silicones division but also underscores Elkem's commitment to maximizing shareholder value amid a challenging market landscape.

Elkem's management is optimistic that this potential transaction will yield beneficial outcomes not only for the Silicones division but also for the company's overall financial health and its diverse group of stakeholders. This strategic sales process is crucial as it aligns with the company's objective to improve operational efficiency and focus on high-growth areas that have shown promise in the evolving market.

Having conducted a thorough evaluation of various alternative strategies, the decision to pursue this exclusive negotiation was deemed to be the most advantageous path forward. The company aims to finalize this transaction ahead of the first half of 2026, pending successful negotiations and requisite approvals.

ABG Sundal Collier ASA has been appointed as the financial adviser for this process, providing the necessary expertise to navigate the complexities of the sale and ensuring a seamless transition for all parties involved.

About Elkem ASA

Founded in 1904, Elkem ASA is recognized as one of the world's leading suppliers of advanced silicon-based materials. The company specializes in developing high-quality silicones, silicon products, and carbon solutions, combining renewable energy and innovative manufacturing processes. Their product offerings are integral to various industries, including electric mobility, digital communications, health care, and the development of smart and sustainable cities.

In 2024, Elkem achieved a remarkable operating income of NOK 33 billion, showcasing its solid financial foundation and commitment to growth. The company has also received accolades for its sustainability efforts, with top scores on environmental indices reflecting its dedication to responsible business practices.

Elkem's broad international reach is powered by a diverse workforce of over 7,200 dedicated employees, all working towards a common goal of driving sustainable innovation and improving the well-being of communities worldwide. As the market evolves and demands for green technologies increase, Elkem is well-positioned to deliver on its promise of creating essential innovations that will transform modern living and contribute to a sustainable future.

For more information on this development or Elkem's product offerings, stakeholders can access their official website or contact the identified representatives in their latest press release. This announcement marks a pivotal moment for Elkem as it navigates the complexities of the global chemicals landscape while remaining true to its mission of sustainability and innovation.