Chemicals maker DuPont De Nemours Inc said on Tuesday it was ending its $5.2 billion buyout of Rogers Corp, the first collapse of a major U.S. deal in four years caused by a failure to clear Chinese regulatory hurdles...
Dorf Ketal to acquire Clariant’s North American (NORAM) Land Oil business
Clariant and Mumbai-based Dorf Ketal, two of the world’s leading specialty chemical products and services companies, have today announced a definitive agreement for Dorf Ketal to acquire Clariant’s North American...
Subsidy, price controls to delay stake sale of state-run fertiliser firms
The government is working on the price and subsidy policy of the fertiliser industry to ease the sale of stakes in state-run fertiliser companies. This may lead to a delay in the intended sale, a report in the Times of...
Safex Chemicals acquires UK’s Briar Chemicals for 73 million
Agro-chemical firm Safex Chemicals India Ltd said it has acquired UK-based Briar Chemicals for 73 million to expand its business globally. Briar Chemicals is the UK’s leading agrochemicals Contract Development and...
Celanese offers remedies in bid to allay EU antitrust concerns on DuPont deal
U.S. chemicals company Celanese Corp has offered remedies in a bid to address EU antitrust concerns about its proposed $11 billion acquisition of DuPont’s mobility and materials business, a European Commission...
UPL acquires 26 per cent stake in renewable energy firm Clean Max Kratos
Agro-chemical firm UPL Ltd said it has acquired 26 per cent stake in Clean Max Kratos Pvt Ltd, which is into renewable energy. Clean Max was incorporated on July 28 with paid up capital of Rs 1 lakh. The company, which...
Norway’s Yara close to acquiring Brazil’s Petrobras fertilizer unit
Yara International ASA is close to acquiring the fertilizer unit put on sale by state-controlled oil company Petroleo Brasileiro SA, known as Petrobras, two sources with knowledge of the matter said on Friday. Petrobras...
Nutrien buys Casa do Adubo to expand retail presence in Brazil
Top fertilizer maker Nutrien Ltd agreed to acquire Casa do Adubo S.A., as part of its ambitions to expand its Brazilian retail business. The deal marks Nutrien’s sixth acquisition in Brazil since 2019, when it set...
Govt gets Rs 471 cr from share sale in Paradeep Phosphates
The Centre has received Rs 471.5 crore from the sale of its residual stake in Paradeep Phosphates Ltd (PPL). “Government of India received Rs 471.5 crore as disinvestment proceeds from Paradeep Phosphates IPO...
UPL acquires new naturally-derived fungicide
Agro-chemicals major UPL said it has acquired a naturally-derived fungicide, OptiCHOS, for its natural plant protection (NPP) business unit. The NPP portfolio houses natural and biologically derived agricultural inputs...
Specialty chemicals maker Dorf Ketal acquires 100% stake in Ahmedabad-based Khyati Chemicals
Specialty chemicals maker Dorf Ketal on Tuesday announced the acquisition of Ahmedabad-based Khyati Chemicals as part of its diversification strategy. Both the companies have entered a definitive agreement to transfer a...
No proposal for merger of sick fertiliser units with profit-making firms: Govt
The government has no proposal for the merger of sick public sector fertiliser units with profit-making fertiliser companies at present, Parliament was informed on Tuesday. Currently, there are two sick public sector...