China's BlueStar in third cross-border M&A deal

Bluestar becomes the third largest silicon company globally buying the silicon business of Rhodia in France.

China National BlueStar Corporation is acquiring the silicon business of Rhodia, France at an enterprise value of Ç400 million $500 million.

The acquisition makes BlueStar the third largest silicon company in the world, after the US' Dow Corning and Germany's Wacker. The deal is expected to provide BlueStar with access to new technology and markets. The enterprise value agreed represents a multiple slightly higher then seven times recurring Ebitda.

This is the third cross-border acquisition...

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