UK's Morgan Advanced Materials rises on molten metal systems sale

Vesuvius

22/08/2025 08:29

** Shares of Morgan Advanced Materials MGAMM.L up 3.1% at 213.6 p

** The British chip parts supplier sells its molten metal systems business, including its 75% shareholding in Morganite Crucible (India) Ltd to Vesuvius Plc VSVS.L

** Total consideration payable to MGAMM is 75.8 million pounds ($101.6 million)

** Including session moves, MGAMM down ~24% YTD

($1 = 0.7459 pounds)

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))