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...
NCLAT dismisses plea to initiate insolvency proceedings against Tata Chemicals
The National Company Law Appellate Tribunal (NCLAT) has set aside a plea challenging an NCLT order that rejected the petition to initiate insolvency proceedings against Tata Chemicals for claimed operational debt of ₹68...
Sasol to sell world’s biggest oxygen production site to Air Liquide
Sasol has agreed to sell the world’s biggest oxygen production site in Secunda, South Africa, to France’s Air Liquide for about 8.5 billion rand ($515 million), as it sheds assets to pay off debts and avoid a rights...
Premji Invest to acquire controlling stake in Best Value Chem
Baroda-based specialty aroma chemicals company Best Value Chem (BVC) said Premji Invest will acquire a controlling stake in the company. The transaction involves the selling of stake by existing shareholders and a...
LG Chem in $1.1 billion deal with China’s Shanshan to sell LCD polarizer business
South Korea’s LG Chem Ltd said on Wednesday it has signed a conditional contract with China’s Ningbo Shanshan Co Ltd to sell most of its liquid crystal display (LCD) polarizer business for $1.1 billion. The chemicals...
Saint-Gobain sells Sika stake, formally ending bitter takeover battle
Saint-Gobain has sold its stake in Swiss construction chemicals maker Sika, the French company said on Wednesday, netting it 1.54 billion euros ($1.69 billion) and formally ending one of Europe’s most bitter takeover...
KKR leads race to buy majority stake in JB Chemicals for ₹2500-3000 crore
US private equity giant KKR & Co. Inc. has emerged as the front-runner to buy a 51% stake in JB Chemicals and Pharmaceuticals Ltd, which manufactures popular over-the-counter drugs rantac and metrogyl. Two persons...
LyondellBasell finalises $2.6 billion China petrochemicals joint venture
Houston-based chemical and plastics firm LyondellBasell Industries said on Friday it had signed “definitive agreements” with a Chinese refiner on a $2.6 billion joint venture to produce petrochemicals in northeast...
