Elkem ASA Enters Exclusive Sales Process for Silicones Division
- Elkem is in exclusive talks to sell its Silicones division.
- The transaction is expected to close in the first half of 2026.
- ABG Sundal Collier ASA is advising Elkem on the sale.
Strategic Review and Sales Process
Elkem ASA has initiated a strategic review of its Silicones division to streamline operations and reallocate capital towards its Silicon Products and Carbon Solutions divisions. As part of this strategy, Elkem has entered an exclusive sales process with a major industrial player in the global chemicals industry.
Negotiation and Timeline
After evaluating various options, Elkem decided to pursue exclusive negotiations with a significant industry player. The potential transaction is expected to close in the first half of 2026, subject to successful negotiations, agreement, and necessary approvals.
Advisory and Market Context
ABG Sundal Collier ASA is serving as the financial advisor to Elkem during this process. The sales process aligns with Elkem's strategic review and represents a key milestone in a challenging market environment.
Source: Elkem