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...
Vikas Ecotech scouts for acquisition, expects Rs 360 crore revenue in FY23
Speciality chemicals and polymer products maker Vikas Ecotech Ltd (VEL) is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to the Covid-19...
Roundup owner Bayer divests pest-control unit in $2.6 billion deal
Bayer AG agreed to sell its pest-control unit to private-equity firm Cinven for $2.6 billion, as the German chemical and drug giant seeks to focus on its core agricultural portfolio and reduce debt. Environmental...
UPL in merger talks with 2 American cos
UPL Ltd’s founding Shroff family is exploring a merger with at least two American firms—CF Industries Holdings Inc. and FMC Corp.—as part of the family’s plan to ensure a fair distribution of businesses and assets among...
Celanese nears over $10 bln deal to buy DuPont unit – Bloomberg News
Specialty chemicals company Celanese Corp is nearing a deal to buy DuPont de Nemours Inc’s mobility and materials unit for more than $10 billion, Bloomberg News reported on Thursday, citing people familiar with...
