# RHI and Magnesita merger to close in late October 2017

RHI announced that all merger clearances for its combination with Magnesita Refratários have been obtained, with the closing and first trading day on London Stock Exchange scheduled for late October 2017.

- Type: Acquisition
- Announced: 2017-09-14
- Where: Netherlands
- Value: $139.0M (118.0M EUR)
- Status: announced
- Products: refractory bricks
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [RHI Magnesita](https://endata.com/companies/17934.md)
- [Rhône](https://endata.com/companies/15051.md) (partner)
- [RHI](https://endata.com/companies/25487.md) (acquirer)
- [Magnesita Refratários S.A.](https://endata.com/companies/25544.md) (target)
- [Magnesita](https://endata.com/companies/26128.md) (target)
- [GP Investments](https://endata.com/companies/27549.md) (partner)

## Sources

- [bnamericas.com](https://www.bnamericas.com/en/news/rhi-magnesita-merger-expected-for-late-october), 2017-09-14: "London offers the company as the global market leader in the refractories segment access to an important capital market"
- [ir.rhimagnesita.com](https://ir.rhimagnesita.com/listing-prospectus-approved-final-steps-for-business-combination-of-rhi-and-magnesita-decided-ad-hoc/), 2017-10-17: "The cross-border merger of RHI AG with its wholly-owned subsidiary RHI Magnesita N.V. should become effective on October 26, 2017"
- [marketscreener.com](https://www.marketscreener.com/quote/stock/RHI-MAGNESITA-N-V-38495690/news/RHI-AG-completed-the-acquisition-of-50-stake-in-Magnesita-Refratarios-S-A-from-GP-Investments-Ltd-34929194/), 2017-10-25: "The combined company named RHI Magnesita will be established in the Netherlands and listed in London."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.