RHI Magnesita N.V. (DI) (RHIM)

Sector:

Engineering

Index:

FTSE 250

2,935.00p
   
  • Change Today:
    -60.00p
  • 52 Week High: 3,800.00p
  • 52 Week Low: 2,635.00p
  • Currency: UK Pounds
  • Shares Issued: 47.29m
  • Volume: 11,433
  • Market Cap: £1,388.08m
  • Beta: 0.03

Rhone offers to buy 20% stake in RHI Magnesita, shares surge

By Michele Maatouk

Date: Tuesday 30 May 2023

LONDON (ShareCast) - (Sharecast News) - RHI Magnesita surged on Tuesday after Ignite Luxembourg Holdings, which is indirectly managed by Rhone Holdings, offered to buy a 20% stake in the company at 2,850p per share in cash.
The offer, which represents a 39% premium to the closing share price on Friday, values the group at £1.38bn.

Rhone said it will seek representation on the RHI Magnesita board.

In a very brief statement, RHI said: "The board is considering its response to the partial offer and a further announcement will be made in due course."

RHI Magnesita is a supplier of refractory products, systems and services to the steel, cement, non-ferrous metals and glass industries.

At 0945 BST, the shares were up 24% at 2,545.87p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

RHIM Market Data

Currency UK Pounds
Share Price 2,935.00p
Change Today -60.00p
% Change -2.00 %
52 Week High 3,800.00p
52 Week Low 2,635.00p
Volume 11,433
Shares Issued 47.29m
Market Cap £1,388.08m
Beta 0.03

RHIM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.02% above the market average88.02% above the market average88.02% above the market average88.02% above the market average88.02% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Price Trend
37.03% below the market average37.03% below the market average37.03% below the market average37.03% below the market average37.03% below the market average
26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average
Income
99.45% above the market average99.45% above the market average99.45% above the market average99.45% above the market average99.45% above the market average
87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average
Growth
57.27% below the market average57.27% below the market average57.27% below the market average57.27% below the market average57.27% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 2
Sell 1
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RHIM Dividends

  Latest Previous
  Final Interim
Ex-Div 22-May-25 29-Aug-24
Paid 12-Jun-25 26-Sep-24
Amount 120.00¢ 60.00¢

Trades for 16-Jul-2025

Time Volume / Share Price
15:54 31 @ 2,950.00p
15:54 2 @ 2,940.00p
15:54 22 @ 2,940.00p
15:54 22 @ 2,940.00p
15:38 22 @ 2,945.00p

RHIM Key Personnel

CEO Stefan Borgas
Chair Herbert Cordt
CFO Ian Botha

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