Oct 3 (Reuters) - Belgian mining firm SCR-Sibelco NV is considering an acquisition of U.S. frac sand miner Fairmount Santrol Holdings Inc, Bloomberg reported, citing people familiar with the matter.
SCR-Sibelco would consider reverse listing its U.S. division, Unimin Corp, in to Ohio-based Fairmount, Bloomberg said. (bloom.bg/2ymZJAP)
SCR-Sibelco and Fairmount were not immediately available for comment.
Fairmount’s shares rose as much as 11.5 percent to $5.10 on Tuesday, valuing the company at $1.16 billion. (Reporting by Akshara P in Bengaluru; Editing by Martina D’Couto)