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Magnesita Refratarios SA (MAGG3.SA)

MAGG3.SA on Sao Paolo Stock Exchange

21 Oct 2016
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R$ -0.29 (-1.24%)
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Thu, Oct 6 2016

RHI says London listing was Magnesita precondition for merger

VIENNA, Oct 6 Brazilian refractories materials maker Magnesita made a London share listing a precondition for its takeover by Austrian peer RHI, but the group had to find a place other than London for the combined company's headquarters, due to the UK vote to leave the European Union, RHI's chief executive said on Thursday.

BRIEF-Rhi and Magnesita to combine to create a new refractory company

* Rhi AG says have reached an agreement to combine the operations of Rhi and Magnesita to create refractory company to be named Rhi Magnesita

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