Resumen de RHI divests dolomite business to Intocast
RHI is divesting its dolomite operations in Spain and Italy, which will be taken over by Germany's Intocast, following European directives prior to the merger with Magnesita. Separately, the company is also selling off the fused cast refractories for glassmaking business in Italy and Russia.
Austrian-headquartered RHI has reached an agreement with Intocast Group to take over its dolomite business, in a divestment that the European Commission imposed as part of the merger process with Brazilian refractory maker Magnesita, RHI told IM.
The pool of assets being sold consists of two production sites, in Marone, Italy and Lugones, Spain.
Stefan Rathausky, spokesperson at RHI, told IM German refractories producer Intocast Group will acquire both sites, for an undisclosed amount.
The Marone site comprises of an open-cast mine and processing facility. The operation produces sintered dolomite. RHI Refractories Iberica, the Spanish operation, is a manufacturing plant producing a number of refractories products.
