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EN Corporation signed a contract on October 28, 2021 to acquire an 80% stake in Daeyang EnBio, a wastewater treatment O&M company, for an enterprise value of 22.5 billion KRW.
Russian aluminum giant Rusal plans to invest $200 million in an aluminum rolling mill that Braidy Industries intends to build near Ashland, Kentucky, assuming a 40 percent ownership share.
Braidy Industries and En+ Group subsidiary Rusal signed a letter of intent for a $200 million investment in the Braidy Atlas mill in Ashland, Kentucky. Rusal will obtain a 40% stake and be the exclusive supplier of low-carbon aluminum slabs.