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News Mar 29, 2018

Elkem’s Initial Public Offering

Shearman & Sterling advised ABG Sundal Collier and Morgan Stanley, as joint global coordinators and joint bookrunners, and Carnegie, Citigroup and Nordea, as joint bookrunners, in connection with the initial public offering (IPO) and listing on Oslo Børs of Elkem ASA. The IPO consisted of a primary offering of shares by Elkem ASA and the sale of a minority stake by the selling shareholder, Bluestar Elkem International Co., Ltd. S.A., which will continue to remain a significant shareholder.

The primary proceeds of the offering will be used primarily to finance the acquisition of the Bluestar Xinghuo Organic Silicone Co. Ltd. and Bluestar Silicon Material Co. Ltd., two major Chinese producers of silicon-based materials and members of the Bluestar Group, and to refinance existing indebtedness.

Founded in 1904, Elkem is one of the world's leading suppliers of silicon-based advanced materials, specialty ferrosilicon alloys and carbon materials. Headquartered in Oslo, Elkem has 27 production sites in Europe, Asia, North America and South America, and an extensive network of sales offices around the world.

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