China’s state-owned Sinochem Group on Tuesday appeared to deny a media report that it was bidding for a stake in Chilean lithium producer SQM being sold by Canada’s PotashCorp. “Up until now, neither Sinochem Group nor...
Chemical and Fertiliser
Australia’s Nufarm to buy European crop protection portfolio for $490 milliom
Agricultural chemicals maker Nufarm Ltd (NUF.AX) said it would buy a range of European crop protection product lines for $490 million to strengthen its position in Europe where it generates its highest crop protection...
Tata Chemicals in talks with Indorama to sell Haldia unit for Rs 400-500 crore
Tata ChemicalsBSE -0.92 % has said it is in advanced talks with the Netherlands-based Indorama Holdings BV to sell its Haldia fertiliser unit in West Bengal for Rs 400- 500 crore. Indorama Holdings is a subsidiary of...
Bayer sells 9.4% stake in Covestro for 1.2 bn euros
German drugs and pesticides group Bayer has further reduced its holding in Covestro to 31.5 per cent from 40.9 per cent by selling 19 million shares in the plastics business for a total of 1.2 billion euros ($1.4...
DowDuPont alters post-merger breakup plans amid investor pressure
DowDuPont, formed through the merger of chemical giants Dow Chemical and DuPont, is shifting some operations in the three units it plans to create, potentially averting a prolonged fight with activist investors over its...
India, China regulators ask Potash to sell stake for Agrium merger
Fertilizer companies Agrium Inc and Potash Corp of Saskatchewan Inc said on Thursday they were notified by regulators in India and China to divest Potash’s offshore interests for their merger approval. Neither companies...
Dow, DuPont complete planned merger to form DowDuPont
Dow Chemical Co and DuPont said on Friday the companies had successfully completed their planned $130 billion merger to form DowDuPont. Shares of DuPont and Dow stopped trading at the close of Aug. 31 and will now...
Dow Chemical plans to boost stake in Sadara JV to 50 pct
U.S. company Dow Chemical plans to buy an additional 15 percent stake in its $20 billion joint venture with Saudi Aramco, the companies said on Monday. Dow, which owns a 35 percent stake in Sadara Chemical, said it had...
Tata Chemicals cancels deal with Unnati Inorganics
Tata ChemicalsBSE 0.49 % on Thursday said it has cancelled the transaction related to acquisition of Unnati Inorganics Private Ltd’s precipitated silica operation due to “non-fulfilment of certain...
Indorama in talks to buy Tata Chemicals’ Haldia unit
Indonesia-based Indorama Corp., led by the S.P. Lohia family, is in advanced talks to acquire the Haldia fertilizer unit of Tata Chemicals Ltd for upwards of Rs1,000 crore, two people aware of the development said...
Govt raises Rs535 crore from NFL share sale
The government’s 15% stake sale in National Fertilizers Ltd (NFL) Thursday fetched Rs535 crore to the exchequer, with over-subscription from both retail and institutional investors. The two-day offer for sale (OFS)...
Canada allows Dow, Dupont merger after firms agree to sell assets
Canada’s Competition Bureau said on Tuesday it would allow a planned merger between DuPont (DD.N) and Dow Chemical Co (DOW.N) after both firms agreed to dispose of some assets. The announcement is similar to those...
