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SGL says Eureka Fund lifts stake to over six pct

FRANKFURT, March 13 (Reuters) - Germany's SGL Carbon said on Saturday the Eureka Fund Limited, an investment fund registered in the Cayman Islands, had increased its stake in the graphite maker to 6.84 percent.

The company made the announcement in German business daily Boersen Zeitung. Under German law, investors must make public when their stakes exceed or fall below five percent.

SGL, the world's largest producer of graphite electrodes for steelmakers, completed an 866-million-euro ($1.1-billion) refinancing package last month to boost its capital base and pay down debt.

It expects a substantial rise in operating profit this year due to further restructuring, cost cuts, higher prices for graphite electrodes and stronger demand for graphite specialties.