RHI Magnesita to Acquire Kümaş Manyezit AŞ

Conducting negotiations with international investors for the sale of Kümaş Manyezit Sanayi AŞ, Yıldız Holding made a statement to London Stock Exchange (LSE) announcing the signing of an exclusivity agreement with the Austrian company RHI Magnesita.

The statement made by RHI Magnesita to LSE was as follows:”As announced previously, the Company continues to consider a potential transaction involving Kumas Manyezit Sanayi AS and the Company has entered into an exclusivity agreement with the sellers, Yıldız Holding A.Ş. and Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. As a market leader in its segment, RHI Magnesita regularly seeks to evaluate opportunities that may arise to participate in the ongoing consolidation of the refractory industry, however there can be no certainty that any transaction will occur.”