The deal marks one of the largest ever industrial acquisitions by a Chinese group in Europe, and includes Elkem’s polysilicon foundry plant at Kristiansand, Norway, which is capable of making 6,000 tonnes of PV-grade polysilicon per year.
Elkem chief executive Helge Aasen says that being swallowed by Bluestar, which is 80% owned by state-run ChemChina and 20% by US private-equity fund Blackstone, launches a new chapter in the firm’s history by opening the doors to the Chinese market.
“China
