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...
Tata Sons to hike stake in Tata Chemicals to 25.26% by acquiring shares
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...
