Elkem plans NOK 1.5 billion private placement to raise new equity capital

  • Elkem launched a contemplated private placement of new shares to raise about NOK 1.5 billion in gross proceeds.
  • Proceeds earmarked to cut leverage, bolster equity following redemption of Bluestar’s shares tied to sale of majority stake in Silicones Division, strengthen liquidity for general corporate purposes.
  • Subscription price and final share count set through bookbuilding, with application window running from May 6 at 16:30 CEST to May 7 at 08:00 CEST.
  • Deal fully underwritten by a group including Folketrygdfondet, Must Invest, DNB Asset Management, with a minimum application size set at EUR 100,000 equivalent.
  • Subsequent offering planned at same price, subject to completion of private placement and prospectus approval, to limit dilution for existing shareholders not allocated shares.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elkem ASA published the original content used to generate this news brief via Cision (Ref. ID: 20260506:BIT:9420:0) on May 06, 2026, and is solely responsible for the information contained therein.

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