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Sunday, 21.12.2014, 00:15
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.