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Slide #70. MFC Industrial Ltd. — FESIL Group
MFC Industrial Ltd. (MIL)
MFC Industrial Ltd. ("MFC" or the "Company") (NYSE: MIL) announced that it has entered into an agreement to acquire a 100% interest in the FESIL AS Group ("FESIL"), a vertically integrated supply-chain management company with a production facility in Norway, sales companies in Germany, Luxembourg, Spain, United States, India and China, and an interest in several quartz deposits in Spain. MFC will not acquire FESIL's Mo Industripark AS shares.
MFC Industrial is engaged in the commodities supply chain business. Co., through its subsidiaries, source, produce, process, transport, finance, assess risk and warehouse for producers and consumers of commodities. Co. also engaged in the hydrocarbon business in Canada. Co.'s business is divided into three operating segments: global supply chain, which includes Co.'s marketing activities and captive supply assets; trade finance and services, which includes structured solutions, financial services and proprietary investing activities and all other, which encompasses Co.'s corporate and other investments and business interests, including Co.'s medical supplies and servicing business.
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Hold (2.29 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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