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Elkem ASA ( (ELKEF) ) just unveiled an update.
Elkem ASA has entered an exclusive sales process for its Silicones division with a major industrial player in the global chemicals industry. This move is part of a strategic review aimed at streamlining operations and reallocating capital to boost growth in its Silicon Products and Carbon Solutions divisions. The potential transaction, expected to close in the first half of 2026, is seen as a positive step for the company and its stakeholders amid challenging market conditions.
The most recent analyst rating on (ELKEF) stock is a Hold with a NOK25.60 price target. To see the full list of analyst forecasts on Elkem ASA stock, see the ELKEF Stock Forecast page.
More about Elkem ASA
Elkem is a leading global provider of advanced silicon-based materials, focusing on developing silicones, silicon products, and carbon solutions. The company leverages natural raw materials, renewable energy, and innovation to support sectors like electric mobility, digital communications, and sustainable urban development. With a history dating back to 1904, Elkem is committed to sustainability and has been recognized for its efforts in forest and water security and climate change.
Average Trading Volume: 1,066,431
Current Market Cap: NOK15.51B
See more insights into ELKEF stock on TipRanks’ Stock Analysis page.