Home

Amcol acquires stake in Bentonit Group

By Associated Press
June 6, 2008 | Comments (0)

Recs

0

Specialty minerals company Amcol International Corp. said Friday it acquired a 25 percent minority stake in Russia's Bentonit Group of companies.

Financial terms were not disclosed.

Moscow-based Bentonit focuses on the Russian bentonite market for iron ore pelletizing, foundry and drilling clays. Its reserves are located in the Ural and Siberia regions of Russia, along with as Azerbaijan.

Amcol said the investment gives it a foothold in a geographically important area with growing economies.

Amcol shares fell 12 cents to close at $31.60.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 660277, ~/articles/articlehandler.aspx, 12/1/2008 9:29:26 PM,

Sign up for FREE Motley Fool site access to keep reading:

“Amcol acquires stake in Bentonit Group”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.