Key Developments: Magnesita Refratarios SA (MFRSY.PK)
7.36USD
29 Apr 2013
$-0.52 (-6.60%)
$7.88
$7.36
$7.36
$7.36
200
370
$7.90
$6.75
Latest Key Developments (Source: Significant Developments)
Magnesita Refratarios SA to Acquire Reframec Manutencoes e Montagens de Refratarios Ltda
Magnesita Refratarios SA announced that on April 29, 2013 it signed a definitive agreement for the acquisition of Reframec Manutencoes e Montagens de Refratarios Ltda (Reframec) for the price of approximately BRL 12 million. The Company will acquire a 51% stake in Reframec. The remaining 49% will be acquired in annual installments within the next four years. Reframec is active in installation and repair services in refractory used in the production of cement. The transaction is estimated to be completed by the end of the second quarter of 2013. Full Article
Magnesita Refratarios SA to Acquire Dalian Mayerton Refractories Co Limited
Magnesita Refratarios SA announced that on April 22, 2013 it signed an agreement to acquire Dalian Mayerton Refractories Co Limited (DMR), a of refractory production unit located in the city of Dalian in the Liaoning Province in the People's Republic of China with the installed production capacity of 50,000 tons per year of refractory brick based on magnesia carbon. DMR belongs to Mayerton Group, a producer and supplier of refractory. The value of the transaction and approximately USD 22 million (including liabilities DMR) and includes all assets and current employees of DRM. After closing, it will be renamed Magnesite Refractories (Dalian) Co Ltd. Full Article
Magnesita Refratarios SA Announces FY 2012 Dividend Payment
Magnesita Refratarios SA announced that on April 19, 2013 it approved the payment of dividends for fiscal year 2012 totaling BRL 16,797,835.94, corresponding to the net value of BRL 0.057680254 per share to be done on June 18, 2013. Record date is April 19, 2013. Shares will be traded ex-dividend as from April 22, 2013. Full Article
Magnesita Refratarios SA Adjusts Value Per Share for FY 2012 Dividends
Magnesita Refratarios SA announced that on April 19, 2013 it will approve the payment of dividend for fiscal year 2012 totaling BRL 16,797,835.95, corresponding to BRL 0.05753039 per share to be done on June 18, 2013. Shares will be traded ex-dividend as from April 22, 2013. Full Article
Magnesita Refratarios SA Announces FY 2012 Dividend
Magnesita Refratarios SA announced that on April 19, 2013 it will approve the payment of dividend for fiscal year 2012 totaling BRL 16,797,835.94, corresponding to BRL 0.06 per share to be done on June 18, 2013. Shares will be traded ex-dividend as from April 22, 2013. Full Article
Guepardo Investimentos Ltda Reaches 5.038% Stake in Magnesita Refratarios SA
Magnesita Refratarios SA announced that Guepardo Investimentos Ltda has reached a 5.038% stake in the share capital of the Company. Full Article
Magnesita Refratarios SA Receives Preliminary License for Graphite Production Unit Construction
Magnesita Refratarios SA announced that it has obtained preliminary license for the construction of a unit with the capacity of production of up to 40,000 tons of graphite per year in Almenara, Minas Gerais state, Brazil. Full Article
Magnesita Refratarios SA Is Fined Due to Delay in Delivery of Financial Statements for Period Ended on December 31, 2011 in English-BM&FBovespa
BM&FBovespa announced that Magnesita Refratarios SA has been fined due to delay in the delivery of financial statements for the period ended on December 31, 2011 in English language. Full Article
Fama Investimentos Ltda Reduces Stake in Magnesita Refratarios SA to 4.75%
Magnesita Refratarios SA announced that investment funds managed by Fama Investimentos Ltda reduced its holding in the share capital of the Company and hold the total 13,891,034 ordinary shares corresponding to a 4.75% stake in the share capital of the Company. Full Article
Magnesita Refratarios SA Updates Value per Share of FY 2011 Dividend
Magnesita Refratarios SA announced that, on April 26, 2012, it approved the payment of dividend for the 2011 fiscal year totaling BRL 9,414,395.98, corresponding to the net value of BRL 0.032243077 per share to be done on May 8, 2012. Shares will be traded ex-dividends as of April 27, 2012. Full Article
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