BASF India has gained 5% to Rs 1,060 on the BSE after the company announced that it has received information from its parent company, BASF SE, Germany that globally BASF has signed an agreement to acquire...
Hanwha Chemical unit offers to buy U.S. auto materials maker CSP
South Korea’s Hanwha Chemical Corp (009830.KS) on Tuesday said its unit Hanwha Advanced Materials Corp has submitted a letter of intent to buy U.S.-based automotive materials supplier Continental Structural...
South Korea’s Lotte Chem bids for U.S. firm Axiall, seen as white knight
Lotte Chemical Corp has made an initial offer to buy U.S. chemicals maker Axiall Corp, coming in as a potential white knight for the $1.6 billion firm that is resisting a takeover attempt by Westlake Chemical Corp...
Total readies sale of German chemicals maker Atotech
French oil and gas producer Total has begun preparations for the sale of its specialty chemicals and equipment division Atotech, which may be valued at about 3 billion euros ($3.4 billion), sources said. Total said in...
Tata Chem not to consider Rallis merger for now
Tata Chemicals has ruled out the merger of Rallis India with itself for the next six months but said options were open. Mr R. Mukundan, Managing Director, Tata Chemicals, said, “I can assure that we are not...
Tata Chem buys 4 other group cos’ stakes in Rallis
Tata Chemicals has bought out the stakes of four other Tata group companies in Rallis India, and in the process increased its holding to 45.08 per cent. It paid a total of Rs 363.44 crore for acquiring the 35.68 per...
Tata Chem to buy out other Rallis India promoters
Tata Chemicals Ltd, a Tata group entity, plans to buy out the other promoters in group company Rallis India. Tata Chemicals has a 9.40 per cent stake in Rallis India as on June 30, 2009. In a communication to the stock...
Dorf Ketal acquires Sanmar unit
Dorf Ketal Chemicals has acquired Intec business from Sanmar Specialty Chemicals Ltd. Intec is leading player in organic titanates, poly vinyl formal and poly isocyanates, and has its manufacturing unit in Dadra. Dorf...
Lanxess acquires Gwalior Chemical for Rs 536cr
European specialty chemical major Lanxess has acquired the chemical and wind power assets of Mumbai based specialty chemical manufacturer Gwalior Chemical Industries for an aggregate value of 82.4 million euros (Rs 536...
Lanxess India to acquire assets of Gwalior Chem for Rs 536 cr
Specialty chemicals company Lanxess India Pvt Ltd is set to acquire the chemical businesses and some assets of Gwalior Chemical Industries Ltd for Rs 536 crore (€82.4 million), a cost that includes debt of Rs 156...
Eurazeo in Advanced Talks to Acquire Novacap From Ardian
Eurazeo is in exclusive talks to acquire a majority stake in Novacap from Ardian in what would be the French private equity firm’s first investment in a chemicals company. Talks are over a majority stake in Lyon-based...
Wilbur Ross to buy Nexeo from TPG for $1.6 billion
Billionaire investor Wilbur Ross has reached a deal to buy Nexeo Solutions Holdings LLC, a distributor of plastic resins and chemicals, for roughly $1.6 billion, including debt, a person familiar with the matter told...
