Elementis PLC (LSE:ELM)
£ 1.396 -0.034 (-2.41%) Market Cap: 822.91 Mil Enterprise Value: 1.01 Bil PE Ratio: 0 PB Ratio: 1.34 GF Score: 67/100
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Elementis PLC to Sell its Chromium Business to Yildirim Group Call Transcript

Nov 30, 2022 / 02:00PM GMT
Release Date Price: £1.16 (+6.53%)
Operator

Hello, and welcome to the Elementis Update Conference Call. My name is Alex, and I'll be coordinating the call today (Operator Instructions)

I'll now hand over to your host, Paul Waterman, CEO, to begin. Paul, please go ahead.

Paul Waterman
Elementis plc - Group CEO & Executive Director

Thanks very much, Alex. Good afternoon, everyone, and thank you for joining the call. As you know, we launched a strategic review of the Chromium business in April this year. Our objective was to determine whether the full potential Chromium could best be delivered as part of Elementis or alternatively by way of a partial or full divestment. We evaluated all the options against what was in the best interest of our stakeholders, including our employees, customers and shareholders.

The review took 6 months, and it's concluded today with the announcement that we've agreed to sell the Chromium business to the Yildirim Group. Yildirim is a large global industrial group with substantial mining interest, including a strong position in Chromium. We're confident

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