Metallkraft Fully Financed

Metallkraft AS has succeeded in raising NOK 180 million (EUR 22 million) in a share issue, managed by SEB Enskilda in Oslo, targeting existing and new investors. With this subscription Metallkraft, together with loan financing from Nordea Bank, rounds off the financing of its venture in Singapore, where it is scheduled to build a facility with an annual capacity of 40,000 tons spent cutting liquid, servicing REC ScanWafer’s newest wafer plant with recycling services. Existing shareholders signed up for around 50% of the NOK 180 million (EUR 22 million) share issue, and the remainder was raised among global institutional investors with a special interest in the energy sector. Read more in our Press Coverage section.