Imerys : Paper disposal and H1 preview
>Paper business sold for less than we expected - Imerys yesterday finalised the disposal of its paper market assets to a subsidiary of the Flacks group, a US-based investment company. The price is € 150m and the payment is to be spread over time depending on the future performances of the divested assets. These operations employ around 900 people across 24 plants in the Americas and Asia, as well as in some sites in Europe. These assets generated ~$ 370m of revenues f...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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