Deal Snapshot
RHI Magnesita Acquires Dalmia Bharat Refractories in Share Swap
Wednesday 23 November 2022

Austrian refractory products, systems and services supplier RHI Magnesita (LSE: RHIM) has acquired the Indian refractory business of Indian refractories manufacturer Dalmia Bharat Refractories Ltd. via a Share Swap Agreement, in exchange for 27m shares in RHI Magnesita India Ltd., a 70% owned subsidiary of the group, the group said.

Dalmia Bharat Refractories is one of the leading refractory producers in India with approximately 1,200 employees and production capacity of over 300 ktpa, from five refractory plants and raw material sites.

Date Published: 23/11/2022