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.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: