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- MFC Industrial (MIL) agrees to acquire ferrosilicon producer FESIL Group for ~NOK500M ($82M) plus a royalty based on tiered ferrosilicon production at the Mo i Rana facility for two years.
- Annual capacity of the plant's two furnaces is ~80K metric tons of ferrosilicon and 23K metric tons of microsilica.
- MIL says the deal is not expected to have a material effect on its financial ratios or cause any dilution to shareholders' equity.
- Shares +6% premarket.
Aug. 16, 2012, 7:14 PM
MIL vs. ETF Alternatives
MFC Industrial Ltd is a commodities supply chain company, which sources and delivers commodities and materials to clients. Its business is divided into following reportable segments: commodities and resources and merchant banking.
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