International Internet Magazine. Baltic States news & analytics
Wednesday, 28.09.2016, 18:23
Molycorp becomes sole owner of Silmet
Molycorp announced that Silmet’s council chairman Tiit Vähi and his son-in-law Lauri Karp, who were involved in managing the company, will continue in the company’s council.
Molycorp bought 90.023% of Silmet on April 1 this year for 89 million USD. The value of the remaining shares was proportional to the first transaction sum, the company said.