Magnesita Refratários: Divestiture of the Oberhausen Business in Germany

Magnesita Refratários SA/BR and RHI AG/AT signed an agreement with the purpose of combining the operations of RHI and Magnesita. Magnesita has entered in September 2017 into a definitive agreement with Intocast AG/DE to divest its business related to the production and supply of magnesia carbon bricks produced at the company's Oberhausen facility for a purchase price of EUR 20,3 million. The scope of the divesture includes, but not limited, to an off-take agreement to provide Intocast AG the right to acquire up to 32 000 t/a of sintered magnesia for a period of 12 years as required and under the terms established by the European Commission – Directorate General for Competition.

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