GrafTech International Shares Jump After HEG Acquires 8.23% Stake for $29.6 Million

MT Newswires Live

2024-10-08

GrafTech International (EAF) shares jumped about 21% in recent Monday trading after HEG, a graphite electrode manufacturer, disclosed its acquisition of an 8.23% stake in GrafTech for 2.49 billion Indian rupees ($29.6 million).

HEG purchased the stake through secondary market transactions, it said in a Monday filing with the Bombay Stock Exchange and National Stock Exchange of India.

Price: 1.96, Change: +0.34, Percent Change: +20.68

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