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London-based fund Aethel Partners, owned by Portuguese Ricardo Santos Silva and which tried to buy Novobanco, has presented a proposal of €2.3 billion to buy...
A Swedish state-owned iron ore mining giant has accused a newer player in the market of copyright infringement. LKAB Minerals, which produces high-density iron ore aggregate MagnaDense, has sent a legal letter to London-headquartered Aethel Mining, asking it to rename its recently launched MuaDense product. Both products can be used as aggregates to produce high-density concrete. Ricardo Santos Silva, a director of private equity-backed Aethel Mining, described receiving the letter as “odd”. He told Construction News: “It seems odd. Both our firms sell rocks that are mostly iron. So t...