Brookfield takes control of GrafTech in $840 mln transaction
The private equity group of Brookfield Asset Management has wrapped up its acquisition of GrafTech International Ltd. After buying a minority stake earlier this week, Brookfield purchased additional shares of GrafTech’s common stock, giving it a total interest of about 86.4 percent. As reported by peHUB Canada in April 2015, the entire transaction is valued at about US$840 million. Based in Independence, Ohio, GrafTech is a producer of graphite material solutions used in steel manufacturing and other industries and end markets. Upon the completion of a merger arrangement with Brookfield, the company's shares will be delisted from the New York Stock Exchange.
14 August 2015•2 mins read
