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Imerys SA Confirms FY 2012 Net Income Guidance and Announces Acquisitions of Goonvean's Kaolin Activities and Refractory Bauxite Deposit from Vale SA


Monday, 5 Nov 2012 02:10pm EST 

Imerys SA announced that it has confirmed its full year 2012 target of a level of net income from current operations at least comparable to the previous year. The Company reported full year 2011 net income of EUR 305.1 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full year 2012 net income of EUR 293.9 million. Imerys SA also announced that it has signed an agreement for the acquisition of Goonvean's kaolin activities (Cornwall, UK) and that in Brazil, it expanded its mineral offering with the acquisitions of a refractory bauxite deposit located in the State of Para from Vale SA. Financial terms of the transaction were not disclosed. 

Company Quote

62.67
0.55 +0.89%
11:35am EDT