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SCR-Sibelco considers acquiring Fairmount Santrol - BBG
October 3, 2017 / 6:01 PM / 2 months ago

SCR-Sibelco considers acquiring Fairmount Santrol - BBG

Oct 3 (Reuters) - Belgian mining firm SCR-Sibelco NV is considering an acquisition of U.S. frac sand miner Fairmount Santrol Holdings Inc, Bloomberg reported, citing people familiar with the matter.

SCR-Sibelco would consider reverse listing its U.S. division, Unimin Corp, in to Ohio-based Fairmount, Bloomberg said. (bloom.bg/2ymZJAP)

SCR-Sibelco and Fairmount were not immediately available for comment.

Fairmount’s shares rose as much as 11.5 percent to $5.10 on Tuesday, valuing the company at $1.16 billion. (Reporting by Akshara P in Bengaluru; Editing by Martina D‘Couto)

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