Imerys : A (high-temperature) solution to launch portfolio rotation
>Could Calderys be sold? - According to Bloomberg, Imerys is considering selling its high temperature solutions business. The group is reportedly working with its advising banks (Morgan Stanley and Rothschild) to gauge the interest among industrial players or private equity funds. A price tag of € 900m is discussed. This business equates to ~20% of group sales and is a rival to Vesuvius Plc and RHI Magnesita. Its sales came to € 632m in 2020 (€ 750m est. in 2021). We...Imerys is engaged in the production and the processing of minerals. Co.'s operations can be divided into four business groups: Minerals for Ceramics, Refractories, Abrasives and Foundry (minerals mainly for floor tiles, sanitaryware, porcelain, mobile energy as well as high-temperature and abrasive industries); Performance and Filtration Minerals (plastics, rubber, coatings, sealants and adhesives, health, beauty and filtration of nutrition liquids); Pigments for Paper (filler and coating products for paper) and Materials and Monolithics (construction materials in clay and slate and monolithic products and solutions for high-temperature industries).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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