Molycorp (MCP) Acquires Balance of Molycorp Silmet AS for About $8.9M
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Molycorp, Inc. (NYSE: MCP), has purchased the remaining shares of Molycorp Silmet AS, one of only two rare earth processing companies in Europe. Molycorp now owns 100% of the Sillamäe, Estonia-based facility, known as Molycorp Sillamäe.
On April 1, 2011, Molycorp purchased a 90.023% stake in AS Silmet in a transaction valued at approximately $89 million. The purchase price for the remaining shares was proportionately the same as the price of the original share acquisition.
On April 1, 2011, Molycorp purchased a 90.023% stake in AS Silmet in a transaction valued at approximately $89 million. The purchase price for the remaining shares was proportionately the same as the price of the original share acquisition.
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