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...
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...
