US Firm Asbury Carbons Acquires German Owner of Bogala Graphite 📈

• US-based Asbury Carbons Inc. has agreed to acquire Graphit Kropfmühl GmbH (GK) from AMG Critical Materials N.V. for an enterprise value of US$ 65 million. • GK holds the majority stake (approx. 86.46%) in Sri Lanka's key miner, Bogala Graphite Lanka PLC, and operates a graphite mine in Germany. • The deal, which covers all GK operations and ~350 employees, completes AMG’s exit from the natural graphite business to focus on core growth areas. • Market Reaction: Bogala Graphite Lanka PLC's share price on the CSE closed at Rs. 137 yesterday, surging by a sharp 25% (Rs. 27.25) following the announcement. • Asbury Carbons, a global leader in carbon solutions, aims to use the acquisition to strengthen supply chain security. The transaction is expected to close by year-end 2025.