Ahmedabad-based Bodal Chemicals is in advance negotiations to buy Chlor-Alkali business of Mawana Sugars as the Delhi-based firm looks to sell non-core businesses to focus its core sugar business. The transaction will...
Polynt-Reichhold owner picks Morgan Stanley for $1.8 billion sale – sources
Italian buyout fund Investindustrial has picked Morgan Stanley to work on the sale of Polynt-Reichhold in a deal that could value the specialty chemicals firm at up to 1.5 billion euros ($1.8 billion), two sources...
Tata Chemicals in advanced talks for Archean’s industrial salt unit
Tata Chemicals Ltd. is in advanced talks to acquire the industrial salt unit of Archean Group that could value the business at 4.5 billion rupees ($61 million) at a minimum, according to people familiar with the matter...
Everstone Capital to acquire controlling stake in Calibre
Private equity firm Everstone Capital has signed an agreement to acquire a controlling stake in Calibre, a specialty ingredients manufacturer of pharmaceutical, nutritional and personal care products, the investor said...
Tata Sons buys 0.71% stake in Tata Chemicals for around ₹76 crore
Tata Sons Pvt Ltd, promoter of Tata Chemicals bought 1.81 million shares or 0.71% for ₹76 crore in an open market transaction on Wednesday. According to the bulk deal data on NSE, Tata Sons acquired 18,07,245 shares of...
LG Chem shareholders approve plan to split off battery business: source
LG Chem shareholders approved the company’s proposal to separate its battery business into a new company, a source familiar with the matter told Reuters on Friday. The decision paves the way for the battery business, a...
Japan’s DIC says acquisition of BASF unit delayed until next year
Japanese printing ink maker DIC Corp said on Wednesday that the closing of its 1.15 billion euro ($1.36 billion) acquisition of German chemicals group BASF’s pigments business would be delayed until next year. DIC...
Owner of chemicals firm Polynt-Reichhold explores $2.3 billion sale: sources
Buyout fund Investindustrial is gearing up to sell its specialty chemicals firm Polynt-Reichhold in a deal worth up to 2 billion euros ($2.34 billion) that is expected to launch early next year, five sources familiar...
Clariant re-launches pigments unit sale, with multiple bidders: sources
Clariant is relaunching the sale of its pigments unit, after putting the auction on hold as the coronavirus pandemic engulfed the world and disrupted talks with prospective buyers, the Swiss speciality chemicals company...
Investment fund Ardian acquires 50% stake in ANGUS Chemical
Private equity firm Ardian said on Tuesday it acquired a 50% stake in specialty chemicals maker ANGUS Chemical Company from Golden Gate Capital for a total enterprise value of about $2.25 billion. San Francisco-based...
Speciality chemicals firm SRF Ltd launches ₹750 crore share sale
Speciality Chemicals maker SRF Ltd on Monday launched a so-called qualified institutional placement (QIP) offering to raise as much as Rs750 crore from institutional investors. The company informed stock exchanges that...
Sasol to raise $2 billion in part sale of U.S chemicals unit to LyondellBasell
South Africa’s Sasol said on Friday chemical company LyondellBasell Industries had agreed to acquire a 50% stake in a unit of its U.S-based business for $2 billion, helping the petrochemicals firm to cut debt. As...
