News from Notch Consulting, Inc.

March 9, 2016

Birla-unit SKI Carbon Black acquiring Thai Carbon Black

Filed under: Uncategorized — Notch @ 6:00 am

The Nation, a Bangkok-based newspaper, reports that SKI Carbon Black (Mauritius), a subsidiary of Aditya Birla Group, has launched a tender offer for all remaining shares it does not own in Thai Carbon Black. Aditya Birla Group has been consolidating its carbon black under the SKI Carbon Black holding company over the last few years.

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.

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