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US: Spanish metals and US mining giants in $3.1B merger

By  |  February 23, 2015

Metals and mining firms Grupo FerroAtlantica and Globe Specialty Metals have entered an agreement to combine their businesses in an all-stock deal to form a company with an enterprise value of $3.1 billion.

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    Both companies have focused on the fast-growing market for silicon for solar panels, Alan Kestenbaum, Globe’s executive chairman, told CNBC on Monday.

    The companies intend to establish a UK domicile and headquarters following the merger, because London is a global hub for metals and mining.

     

    Full Content: The Financial Times

     

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