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...
Chemical and Fertiliser
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...
KKR-led consortium to buy Taiwanese chemicals firm LCY for $1.56 billion
A consortium led by U.S. private equity firm KKR & Co (KKR.N) signed an agreement to acquire Taipei-listed LCY Chemical Corp (1704.TW) in a stock deal that values the firm at $1.56 billion, the companies said on...
UPL makes largest foreign buyout, snaps up Arysta Life Science for $4.2 bn in all-cash deal
In one of the largest overseas deals by India Inc in recent years, chemicals producer UPL (formerly United Phosphates) today teamed up with Abu Dhabi Investment Authority and TPG to snap up Florida-based Arysta Life...
UPL seeks $3 billion loan to buy Bill Ackman-backed Arysta
Indian chemical producer UPL Ltd is seeking a loan of about $3 billion to help fund its bid for a Platform Specialty Products Corp. agricultural pesticides unit backed by shareholder activist Bill Ackman, people...
ADIA to back UPL’s $4.3 billion Arysta buy with $1 billion funding
Abu Dhabi Investment Authority (ADIA), the world’s second-largest sovereign wealth fund, is set to invest $1 billion to acquire a 20% stake in UPL Corporation, the Mauritius-based arm of India-listed UPL Ltd, said...
UPL set to acquire Arysta LifeScience for over $4 billion
UPL Ltd is close to buying the farm pesticides business of investor Bill Ackman’s Platform Specialty Products Corp.—known as Arysta LifeScience—for more than $4 billion in one of the largest outbound deals by an Indian...
China’s ChemChina, Sinochem set to merge – Caixin
Chinese state-owned Sinochem and ChemChina will merge to create a new company, to be headed by Sinochem chief Ning Gaoning, financial publication Caixin reported on Saturday, confirming an earlier Reuters report...
