Norwegian silicon-producer Elkem plans IPO as China's National Bluestar cuts stake

Norwegian silicon-producer Elkem plans IPO as China's National Bluestar cuts stake

A general view of the Norwegian company Elkem's plant in Kristiansand, some 300 kms (186 miles) south of Oslo January 11, 2011. REUTERS/Tor Erik Schroeder/Scanpix

Norway’s Elkem, a producer of silicon for solar panels and a supplier to steel makers and chemical firms, plans to raise some 5 billion Norwegian crowns ($640.16 million) in an initial public offering, it said on Monday.

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