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The latest update is out from Elkem ASA ( (ELKEF) ).
Elkem ASA’s extraordinary general meeting has approved the sale of the majority of its Silicones division to Bluestar, with the deal to be settled by redeeming all Elkem shares held by Bluestar Elkem International Co. Ltd. The meeting also resolved the redemption of Bluestar’s shares, advancing a transaction that will reshape Elkem’s ownership structure and portfolio focus.
The approvals represent a key milestone toward completing the transaction, which is expected to close in late April or early May 2026, subject to creditor notice expiry and other customary conditions. The move is set to significantly alter Elkem’s balance between business segments and its relationship with a major shareholder, with potential implications for governance, strategic direction and market positioning.
The most recent analyst rating on (ELKEF) stock is a Buy with a NOK32.10 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 ASA is a global provider of advanced silicon-based materials, producing silicones, silicon products and carbon solutions for applications in electric mobility, digital communications, health and personal care, and sustainable urban development. Listed on the Oslo Stock Exchange and included in its ESG Index, the company reported operating income of NOK 31 billion in 2025 and has earned strong CDP scores for forests, water security and climate performance.
YTD Price Performance: -3.81%
Average Trading Volume: 1,378,507
Current Market Cap: NOK18.53B
For a thorough assessment of ELKEF stock, go to TipRanks’ Stock Analysis page.