2 December 2019

Umicore completes acquisition of cobalt refining and cathode precursor activities in Finland

Umicore announced today that it has completed the acquisition of the cobalt refining and cathode precursor activities in Kokkola, Finland, from Freeport Cobalt for an amount of $ 203 million on a debt and cash free basis (including approximately $ 50 million of net working capital). All regulatory clearances in relation to the transaction have been obtained.

It is anticipated that the acquisition will be earnings accretive from 2020 and value accretive from 2021, after completion of the integration process and a reduction of the net working capital resulting from supply chain synergies.


Dutch
French

Tweets

  • @UmicoreGroup  Jul 10
    “In the pursuit of a more sustainable future, chemistry must be at the forefront of key societal and political deci… https://t.co/5egSqofHlY
  • @UmicoreGroup  Jul 8
    At #UmicorePMC, we believe collaboration is essential for innovation and advancing industries. Read our latest arti… https://t.co/uJB9HuUK7v
  • @UmicoreGroup  Jul 6
    Developing emission-free solutions are essential for the future of automobiles. For our German-speaking followers,… https://t.co/7Lioyjn4PR
  • @UmicoreGroup  Jul 3
    Umicore donates its used computers to Close the Gap, ensuring that our end-of-life devices are securely refurbished… https://t.co/IyKsieMHHl
  • @UmicoreGroup  Jul 3
    Thank you @AvsAld for hosting a fantastic virtual #ALD2020, it is great to be involved! If you missed us, you can r… https://t.co/6acwKuuW9f
  • @UmicoreGroup  Jul 1
    Our #BondMakers are having a great time virtually at #ALDALE2020 conference. Did you catch our poster presentation… https://t.co/WWsNe5htgr
  • @UmicoreGroup  Jun 30
    Find out about Umicore’s role in the latest electrical racing technology thanks to its partnership with… https://t.co/AbKK4lcD5G
  • @UmicoreGroup  Jun 30
    Read about our objective to turn sustainability into a greater competitive edge by developing specific sustainable… https://t.co/tVBlzEbem4
  • @UmicoreGroup  Jun 29
    This week, #UmicorePMC are virtually attending @AvsAld’s #ALDALE2020 event. If you are attending, make sure to jo… https://t.co/NldXyMCeC8
  • @UmicoreGroup  Jun 26
    #UmicorePMC’s leading #catalysis expertise allows us to provide our customers with personalised solutions for the… https://t.co/ojwMVwNYwA