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S&B Industrial Minerals divest bauxite arm to aluminum producer Mytilineos

Tuesday, Nov 15, 2011
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 Greek bauxite and bentonite producer S&B Industrial Minerals has announced that Mytilineos Holdings SA is set to 147 gradually acquire 48 its bauxite arm over the next 30 months in a raw material deal for its subsidiary Aluminum SA.

 
 
The initial part of the divestment will see S&B 146s bauxite activities spun off to ASA’s subsidiary Delphi Distomon which will be restructured in 51% ASA and 49% S&B holding.

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