BASF (BASFn.DE) is looking to shed a sizeable portfolio of assets to try to salvage a deal it struck in 2017 to buy Belgian chemicals group Solvay’s (SOLB.BR) polyamide business, people close to the matter said. The...
PE funds, Godrej & UPL in race for 57.7% in Gharda Chemicals
Global private equity funds KKR & Co and Blackstone Group and two local companies, Godrej Agrovet and American private equity fund TPG Capital backed United Phosphorus Ltd (UPLNSE 1.00 %), have put in independent...
Avantha set to sell Solaris to Agrocel for Rs 800 crore
Avantha Group is set to sell its agrochemicals unit, Solaris ChemTechNSE 0.00 %, to Agrocel Industries for about Rs 800 crore as the Gautam Thapar-controlled firm is selling its non-core businesses to repay some...
Crystal Crop may acquire 3 brands of Syngenta India
Crystal Crop Protection Ltd, a specialty chemicals company, is acquiring three brands of Syngenta India Ltd as the company continues its focus on inorganic opportunities to pursue growth, said two people with direct...
Nutrien vows to ‘protect interests’ over threat to SQM sale: paper
Canada’s Nutrien, whose attempt to sell its stake in Chilean lithium miner SQM to China’s Tianqi has been stalled by a row about competitive risks, vowed to “protect its interests” in an interview with a Chilean...
Bayer Weighs Selling Its Vet Unit in Post-Monsanto Revamp
Bayer AG is considering a sale of its animal-health business as it scrutinizes its portfolio in the aftermath of the $63 billion Monsanto Co. acquisition, people familiar with the company’s plans said. Bayer is...
Indo Amines to be merged with Core Chemcials and Key Organics
Chemicals manufacturer Indo Amines NSE 0.00 % is going to merge itself with Core Chemicals and Key Organics, a wholly owned subsidiary of Indo Amines, the company informed the Bombay Stock Exchange on Thursday. The...
Fairfax to hike stake in Sanmar to 43% by the first half of 2019
Fairfax India Holdings Corporation is set to increase its stake in Chennai-based Sanmar Chemicals Group to 43 per cent. In 2016, Fairfax India had completed an investment in Sanmar, of $300 million (Rs 19.9 billion) in...
Foundation to sell Gharda stake for funding R&D
Scientist RA Mashelkar’s Gharda Medical & Advanced Technologies Foundation will sell its 57.5% in agrochemicals maker Gharda Chemicals and use the proceeds to build a pipeline of innovative products and technologies...
‘No regrets’ for $63 billion Monsanto purchase, says Bayer CEO Baumann
Bayer AG’s $63 billion Monsanto purchase has suffered regulatory delays, mounting legal claims and now will yield lower earnings for the year than earlier forecast. Still, the company’s CEO says he has “no regrets.”...
Crystal Crop acquires 4 brands from FMC, to widen portfolio
Crystal Crop Protection Ltd, a specialty chemicals company focused on crop protection, on Monday said it has acquired four brands from American chemicals major FMC Corp., marking the company’s third inorganic growth...
China’s SDIC to buy Nutrien’s majority stake in Arab Potash
China’s SDIC will buy Canadian fertilizer supplier Nutrien’s 28 percent stake in Arab Potash Co for $502 million, the Chinese state-owned company said on Monday, continuing its overseas expansion. SDIC Mining Investment...
