Brazil’s state-run oil company Petroleo Brasileiro SA said on Wednesday that a federal court has issued injunction suspending the sale of its fertilizer units Araucaria Nitrogenados and Fertilizantes Nitrogenados III...
UPL: Arysta LifeScience acquisition done, focus now shifts to synergies
Size does not seem to worry UPL Ltd, which completed the acquisition of Arysta LifeScience Inc., bumping up its revenue base by 60%, according to analyst estimates. However, despite this, the expanded base is not coming...
Japanese chemical maker DIC Corporation acquires Ideal Chemi Plast
Japan’s largest ink manufacturer by revenue DIC Corporation has acquired Maharashtra-based resins manufacturer Ideal Chemi Plast Pvt Ltd in an undisclosed amount. Founded in 2004, Ideal Chemi Plat manufactures and sells...
UPL open to buy back TPG Cap, ADIA stakes in Arysta
Agrochemicals firm UPL Ltd may buy back the stakes of Abu Dhabi Investment Authority (ADIA) and TPG Capital, which helped the Mumbai-based company acquire Arysta LifeScience Inc. for a record $4.2 billion, after the...
BASF plans to shed assets to try to salvage Solvay deal: sources
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...
