SGL Group increases stake in Fisipe

Carbon fiber manufacturer SGL Group has increased its stake in precursor manufacturer Fisipe (Portugal) to 97 percent; SGL will soon begin to expand its production of the supply of raw materials for carbon fiber manufacturing.

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SGL Group – The Carbon Company (Wiesbaden, Germany) reported on July 10 that it has completed the acquisition of a 10.8 percent stake in the listed Portuguese company Fisipe – Fibras Sintéticas de Portugal S.A. (Lisbon, Portugal) from the previous shareholder, Quimifértil, and as a result it now holds a 97 percent stake in the company. The transaction was approved by the Portuguese securities commission.

The fact that SGL Group now holds a 97 percent stake means that the conditions for a squeeze-out procedure have now been achieved. Once the takeover is complete, Fisipe will be wholly-owned by SGL Group.

In April 2012, SGL Group completed the acquisition of an 86 percent stake in the listed Portuguese company Fisipe from the previous major shareholder Negofor. The purchase price amounted to around €25 million and is one of the benchmarks applied by the authorities with respect to the compulsory offer. With this transaction, SGL Group is expanding its production network for the supply of raw materials for carbon fiber production to include an additional production facility for precursors. 

With this transaction, SGL Group expands its production network for carbon fiber raw materials by adding a production site for precursor. Certain textile fiber production lines at the site will be converted into precursor lines and gradually expanded. Precursor is the raw material for carbon fibers. At the same time, the facility will continue to manufacture and sell acrylic fibers for special textile and technical applications.

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