Brookfield-owned GrafTech's IPO to raise up to $907 mln: Reuters
U.S. graphite electrode maker GrafTech International Ltd said this week it could raise up to US$907 million ($1.16 billion) in what could be the largest initial public offering in the steel sector in a decade, Reuters reported. The offering of 37.8 million shares is expected to be priced between US$21 and US$24 per unit. The shares are being offered by GrafTech’s sole shareholder — Brookfield Business Partners LP, the listed vehicle of Toronto-based Brookfield Asset Management's private equity group. The group acquired Independence, Ohio-based GrafTech in 2015.
4 April 2018•1 min read
