ECONOMY

S&B in talks with investor, eyes delisting

Listed company S&B Industrial Minerals announced on Thursday it is in negotiations with an investor aimed at its delisting and the sale of all minority stakes, including the 20 percent held by Belgian firm Sibelco.

Kathimerini understands the company is not planning to be listed on another bourse, but aims to secure funds that will allow it to continue its investment program.

S&B, 61 percent-owned by Ulysses Kyriakopoulos, said its intention is to safeguard all jobs, retain its headquarters in Greece and move ahead with new acquisitions.

On Thursday the company also announced the acquisition of a 50 percent stake in Chaoyang GoldCommon Mining Co Ltd, a leading bentonite producer in China, through its 100 percent-owned subsidiary Sibimin.