Elkem completes sale of Silicones division to Bluestar and redeems Bluestar shares
Key highlights
- Elkem entered an agreement to sell the majority of its Silicones division to Bluestar (announced 13 Feb 2026), with general meeting resolutions approving the sale and share redemption on 9 Mar 2026.
- Completion included redemption of all 338,338,536 Bluestar shares, removing Bluestar as a shareholder.
- Registered share capital is NOK 1,505,514,210 divided into 301,102,842 shares (NOK 5 par); Board and Nomination Committee changes took effect upon completion.
Transaction completion
Elkem completed the sale of the majority of its Silicones division to Bluestar, following the agreement announced on 13 February 2026 and the general meeting resolutions on 9 March 2026.
Share redemption and capital
All 338,338,536 Bluestar shares in Elkem were redeemed, removing Bluestar as a shareholder; registered share capital is now NOK 1,505,514,210 divided into 301,102,842 shares with a nominal value of NOK 5 each.
Governance changes
Changes to Elkem’s Board of Directors and Nomination Committee, as resolved by the general meeting, became effective on completion and Bluestar no longer has representatives on those bodies.
Regulatory note
The information is provided in accordance with the disclosure requirements under sections 4-3 and 5-12 of the Norwegian Securities Trading Act.
Source: Elkem