SigmaRoc PLC (LSE:SRC) shares rose more than 12% on Monday after the European lime and minerals group reported an increase in first-half earnings and announced an agreement to acquire Akcinė Bendrovė “Dolomitas.”
The company reported adjusted pretax profit of £75.1 million for the first half of the year, compared with £67.4 million in the same period a year earlier.
Alongside its results, SigmaRoc said it has agreed to acquire Dolomitas from its existing shareholders for €110 million on a debt- and cash-free basis.
The transaction also includes an additional payment of €8 million for certain non-core assets.
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