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Events / Elkem Sells Silicones Division to Bluestar
Business asset sale

Elkem Sells Silicones Division to Bluestar

Analysis based on 8 articles · First reported Feb 13, 2026 · Last updated Feb 13, 2026

Sentiment
20
Attention
4
Articles
8
Market Impact
Direct
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Market Impact

The market is likely to view Elkem's sale of its Silicones division and the redemption of Bluestar's shares as a strategic move to optimize its portfolio and potentially improve its financial standing. This could lead to a positive sentiment for Elkem's stock, as it streamlines operations and reduces a significant shareholder's influence.

Chemicals Materials
Event Summary

Elkem ASA has announced an agreement to sell the majority of its Silicones division to China National Bluestar===Bluestar Elkem International Co. Ltd. S.A. This transaction will be settled by Bluestar returning all Elkem shares it holds. An extraordinary general meeting of Elkem shareholders is scheduled for March 9, 2026, to vote on the approval of the Share Purchase Agreement and the redemption of Bluestar's shares. The meeting will be held digitally, allowing for electronic voting. This move is expected to reshape Elkem's business focus and ownership structure.

Key Actions
100 Elkem sells majority of Silicones division China National Bluestar===Bluestar Elkem International Co. Ltd. S.A.
100 China National Bluestar===Bluestar Elkem International Co. Ltd. S.A. acquires majority of Silicones division Elkem
90 China National Bluestar===Bluestar Elkem International Co. Ltd. S.A. redeems Elkem shares Elkem
70 Elkem holds extraordinary general meeting
Entities Involved
stock
Elkem
Elkem is selling the majority of its Silicones division to Bluestar, which will be settled with all Elkem shares held by Bluestar. This transaction aims to streamline Elkem's operations and potentially improve its financial structure by reducing Bluestar's ownership.
Importance 100 Sentiment 20
subs
China National Bluestar===Bluestar Elkem International Co. Ltd. S.A.
China National Bluestar===Bluestar Elkem International Co. Ltd. S.A. (referred to as Bluestar) is acquiring the majority of Elkem's Silicones division. This acquisition will be settled by Bluestar returning all its Elkem shares, effectively reducing its stake in Elkem.
Importance 90 Sentiment 20
exch
Oslo Stock Exchange
Elkem is listed on the Oslo Stock Exchange, and the transaction is subject to disclosure requirements under the Norwegian Securities Trading Act, indicating regulatory oversight.
Importance 10 Sentiment 0
cnt
Norway
The event is taking place in Norway, and the transaction is subject to Norwegian securities law.
Importance 5 Sentiment 0
per
Odd-Geir Lyngstad
Odd-Geir Lyngstad is the VP Finance & Investor Relations for Elkem, serving as a contact for further information regarding the transaction.
Importance 5 Sentiment 0
Relationships
Elkem related ↔ China National Bluestar===Bluestar Elkem International Co. Ltd. S.A.
Odd-Geir Lyngstad related ↔ Elkem
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