Umicore will sell 10% if it’s shares to raise funds........for, get this, “potential acquisitions”
”The proceeds will be used to fund growth investments, particularly in Cathode materials and will provide more finacial flexibility to pursue potential acquisitions and partnerships that would further strengthen Umicore’s offering in clean mobility materials and recycling,” it said.
Is anybody thinking what I’m thinking here???
https://www.ft.com/content/99c6ab96-0cf8-11e8-839d-41ca06376bf2