Inco to acquire Falconbridge
Primary metals giant Inco is to acquire Falconbridge by way of a friendly take-over bid worth £2.43 billion.
Primary metals giant
is to acquire Falconbridge by way of a friendly take-over bid worth $2.43 billion.
The combined organisation, which will retain the Inco name, will be one of the world’s premier mining and metals companies in both nickel and copper, with an estimated nickel output of 735 million pounds this year, forecast to climb to some one billion pounds in 2009.
The combined company expects to immediately achieve significant synergies and cost savings and currently estimates that these will total $350 million per year by the end of 2007.
Upon completion of the deal, Inco will remain headquartered in
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
CCC Report Finds UK Climate Targets Still Within Reach
In 1990 67% of the UK´s electricity came from coal-fired power stations and even without renewables the transition to gas was a major contributor to...