RHI Acquires Additional Shares in Orient Refractories
RHI AG recently announced that, following the acquisition of 43.6% of the share capital of Orient Refractories Ltd. (ORL) from the core shareholders in early March, RHI has completed the mandatory open offer for an additional 26% of the ORL shares. As of April 29, RHI thus holds 69.6% of the voting rights in ORL. The transaction price to acquire the 69.6% stake totaled roughly €50 million (~ $65 million).
For additional information, visit www.rhi-ag.com.