Sibelco has received strategic advice related to the exit of a minority shareholder

February 2024 — SCR Sibelco has received strategic advice related to the exit of a minority shareholder. Different options were considered. On 8 December 2023, Sibelco announced its intention to launch a share buy-back program, via a tender offer, to acquire up to 18.94% of outstanding shares for a price of €6,850 per share and a total deal consideration of €609 million. The program offered liquidity optionality to the exiting shareholder, as well as other minority shareholders looking forward to crystallizing some value. Sibelco is delighted to pursue its ambitious mid-term growth plan thanks to a refocused shareholder register and the support of the founding families. Further information on the transaction can be found in the prospectus of the tender offer.

Sibelco is a leading global blue chip industrial company based in Belgium, specialized in mining, processing and selling a specific family of minerals that are used in a variety of attractive end markets, such as glass, ceramics, electronics, metallurgy, construction and coatings. Sibelco operates over 140 production sites in 32 countries with a team of over 5,000 people. Part of the company’s shares are available for trading on the Expert Market of Euronext, a multilateral trading facility organized by Euronext Brussels.

Our role in the transaction

Oaklins’ team in Belgium acted as the exclusive financial advisor to Sibelco in this transaction.