Tata Chemicals on Wednesday said its promoter Tata Sons will increase the stake in the company to 25.26% by acquiring shares aggregating to 1.08% stake from other group firms. At present, Tata Sons holds 24.18% stake in...
Evonik completes PeroxyChem takeover after FTC lawsuit dismissed
Evonik said it will close its acquisition of the U.S. company PeroxyChem after the responsible court in Washington D.C. dismissed a lawsuit filed by the Federal Trade Commission (FTC) seeking to block the acquisition...
Germany’s Evonik wins U.S. legal fight to buy hydrogen peroxide maker PeroxyChem
A federal judge has ruled that Germany’s Evonik Industries AG’s (EVKn.DE) proposed purchase of rival U.S. hydrogen peroxide maker PeroxyChem Holding Company is legal under antitrust law. In a brief order issued late...
DuPont to explore divestiture of electronics unit: BBG
Industrial materials maker DuPont is working with advisers to review strategic options, including a sale, for its electronics business, Bloomberg reported on Thursday, citing people familiar with the matter. The...
German speciality chemicals group Atotech to list on NYSE
German speciality chemicals group Atotech is planning to list on the New York Stock Exchange, it said in a filing late on Wednesday. The listing, which could value the company at about $5 billion, including debt, is...
Evonik shareholder RAG sells 5.2% stake, to remain significant investor
The public sector foundation that controls German specialty chemicals maker Evonik said on Monday it would sell a 5.2% stake in the company to further diversify its holdings but vowed to remain a major investor. The...
Fairfax India completes equity infusion in Sanmar Group, takes stake to 43%
Fairfax India Holdings Corporation has completed an equity infusion into Chennai-based Sanmar Chemicals Group, taking its equity interest in the group to about 43 per cent. Under the terms of the deal, Sanmar bought...
Lone Star to buy BASF construction chemicals unit for $3.51 billion
Private equity firm Lone Star has entered a deal to buy BASF’s construction chemicals business for 3.17 billion euros ($3.5 billion) on a cash and debt-free basis, the German chemicals company said on Saturday as it...
Hitachi to sell chemical unit, medical equipment business for $6 billion
Japan’s Hitachi Ltd said on Wednesday it would sell its listed chemicals unit and diagnostic imaging business in a deal totaling 673 billion yen ($6.2 billion), as the Japanese industrial conglomerate overhauls its...
Lone Star in exclusive talks to buy BASF construction chemicals unit -sources
Lone Star has entered exclusive negotiations to buy BASF’s construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said. The private...
Japan’s Hitachi nears deal to sell chemical unit to Showa Denko – Nikkei
Japanese conglomerate Hitachi Ltd is nearing a deal to sell its 51% stake in Hitachi Chemical Co Ltd to Showa Denko KK in a transaction that could be worth about 950 billion yen (£6.82 billion), the Nikkei here reported...
Mitsubishi Chem to spend $4.5 billion to buy rest of Mitsubishi Tanabe
Mitsubishi Chemical Holdings Corp, Japan’s largest chemical maker, said on Monday it will pay 491.8 billion yen ($4.51 billion) to make Mitsubishi Tanabe Pharma Corp a fully owned subsidiary. Mitsubishi Chemical will...
