RHI Aims to Take Over Orient Refractories

IndustrialsIndustrial Goods ♦ Published: October 29, 2012; 16:50 ♦ (Vindobona)

The Austrian producer of refractories plans to expand in India. The investment may have a size of € 80m.

RHI Aims to Take Over Orient Refractories / Picture: © RHI AG

According to the Indian “Economic Times”, RHI is interested in acquiring the Mumbai-based Orient Refractories. RHI is said to acquire a 48.61% stake in the next weeks. In the next step, RHI will submit an offer for the remaining shares, Economic Times reports. In total, the acquisition has a size of € 80m. The negotiations are said to be in an advanced stage. The signing may take…

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