ABGSC acted as Joint Bookrunner in the NOK 1,891 million Private Placement in Elkem ASA

On April 26 2021, Elkem ASA (“Elkem” or the “Company”) announced the successful completion of the Private Placement, raising approx. NOK 1,891 million in gross proceeds to the Company through allocation of 56,456,034 new shares at a price of NOK 33.50 per share.
The Private Placement attracted strong interest from high-quality institutional investors and the book was significantly oversubscribed.
The net proceeds of the Private Placement will be used to further strengthen the capacity to invest in growth initiatives to capture attractive silicones opportunities in line with Elkem’s strategy, including the announced expansion project in Xinghuo, as well as for general corporate purposes.