RE:RE:A thought on Umicore !0% block sale, Samsung and Amy...WOW, the reality is different from the Financial Times write up on the subject (below).
Certainly didn't read as an issuance of 10% MORE shares does it. Read as selling 10% of its existing shares. Oh where oh WHERE is there accurate information these days????
Anyway, Umicore is cashed up, let's see if they nose around AMY.
Umicore, the Belgian electric-car battery component maker, will sell 10 per cent of its shares in a block trade to raise funds for potential acquisitions.