Transactions

Orkla ASA’s sale of Elkem AS to China National Bluestar Group

Date Announced:
01/10/2011

client:
Orkla ASA

Status:
Closed – 04/2011

Value:
$2 billion Read the case study

Exclusive financial advisor to Orkla ASA on the NOK 12.5 billion sale of Elkem AS to China National Bluestar Group

On January 10, 2011, Orkla ASA (“Orkla,” OSEBX: ORK), one of the largest companies on the Oslo stock exchange with a diversified portfolio strategy, entered into a binding agreement to sell Elkem AS, a global manufacturer of high quality and environmentally friendly produced metals and materials, for NOK 12.5 billion to China National Bluestar Group, which is 80% owned by the Chinese state-owned company China National Chemical Corporation and 20% by the Blackstone Group. Moelis & Company conducted a discreet and targeted process involving multiple buyers from different continents, each with specific deal structuring, approval and time constraints. The transaction successfully closed in April 2011. This transaction reinforced Moelis & Company’s track record of discreetly executing complex cross-border M&A and completing transactions with a Chinese buyer. Moelis & Company acted as exclusive financial advisor to Orkla.


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