BERLIN?Shares in Germany's SGL Carbon SE jumped 12% on Friday following a magazine report that China National Chemical Corp. is interested in acquiring the graphite electrode and carbon fiber maker.
ChemChina Chairman Ren Jianxin has held talks several times with SGL Carbon Chief Executive Juergen Koehler and its main shareholder Susanne Klatten, Germany's Manager Magazin reported, citing company sources.
SGL Carbon wants to spin off its carbon electrodes business, which supplies the steel sector where weak prices have been weighing on demand.
Government-owned ChemChina is interested in acquiring all of SGL Carbon but is open to other options, according to Manager Magazin.
An SGL Carbon spokesman said the company has provided potential investors with information about its graphite electrodes business but declined to provide names. He said the possible sale of the entire company was "pure speculation" and declined to comment further on it.
Ms. Klatten's investment vehicle, Skion, holds a 27% stake in SGL Carbon. German car maker BMW AG, which holds 18%, is supplied by the company with carbon fiber materials used in car production as a lightweight alternative to steel. Rival Volkswagen AG holds a 9.9% stake in SGL Carbon.
A ChemChina spokesman didn't immediately respond with a comment and Ms. Klatten couldn't immediately be reached.
William Boston, Brian Spegele and Matthias Goldschmidt contributed to this article.
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