Private equity fund Advent will pay around 700 million euros ($763 million) to buy Italian chemicals firm Industria Chimica Emiliana (ICE) in Italy’s biggest leveraged buyout this year, a source familiar with the matter...
Motiva to buy Flint Hills Port Arthur, Texas chemical plant
Motiva Enterprises said on Monday it has signed an agreement to buy the Flint Hills Resources chemical plant adjacent to its Port Arthur, Texas, oil refinery, kicking off a push into petrochemicals. Motiva, the U.S...
Huntsman to sell two units to Thai-based Indorama Ventures for $2.08 billion
Chemical products manufacturer Huntsman Corp said it has entered a deal to sell its chemical intermediates and surfactants businesses to Thailand-based Indorama Ventures PCL for about $2.08 billion. The deal value...
Lanxess, Bayer sell chemical park operator to Macquarie for $3.9 billion
German chemical groups Bayer (BAYGn.DE) and Lanxess (LXSG.DE) have agreed to sell chemical park operator Currenta to Macquarie Infrastructure and Real Assets (MIRA) (MQG.AX) for an enterprise value of 3.5 billion euros...
U.S. sues to stop merger of hydrogen peroxide makers Evonik and PeroxyChem
The U.S. Federal Trade Commission said on Friday it was suing to stop Evonik Industries AG’s (EVKn.DE) proposed purchase of rival hydrogen peroxide maker PeroxyChem Holding Company, citing concerns that the deal would...
SABIC CEO says no interest in taking over Clariant
Saudi Basic Industries Corp (SABIC) has no interest in taking over Swiss chemicals firm Clariant and considers its 25% stake in the company as “a long term strategic investment,” said its chief executive Yousef al...
Clariant suffers another setback as JV talks with SABIC collapse
Clariant said on Thursday that joint venture talks with top shareholder Saudi Basic Industries (SABIC) had been shelved due to differences over price, a further setback for the Swiss chemicals maker whose CEO abruptly...
Global private equity firms to bid for Hitachi’s chemical unit: sources
Global private equity firms Bain Capital, Carlyle Group and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd’s chemical unit, three people familiar with the situation told Reuters. Hitachi...
Race for Italian chemicals firm ICE attracts four buyout funds: sources
Four private equity firms are looking to submit final bids for Italian chemicals firm Industria Chimica Emiliana (ICE) in a deal valued at about 600 million euros ($673 million), sources familiar with the matter told...
Japan’s Hitachi plans to sell chemical unit: Nikkei
Japan’s Hitachi Ltd plans to sell its listed chemical unit as it streamlines its business portfolio, Nikkei reported on Thursday. Hitachi Chemical Co Ltd has a market value of about 545.75 billion yen ($4.87 billion)...
Hitachi Chemical flooded with buy orders on report of sale
Shares of Japan’s Hitachi Chemical were untraded on Monday, hit with a glut of buy orders after a report that parent company Hitachi Ltd was considering a sale of its stake at a hefty premium of more than 40 percent...
Merck KGaA urges Versum shareholders to support takeover bid
Germany’s Merck KGaA on Tuesday called on shareholders of Versum Materials to put pressure on the electronic materials maker’s management to consider its jilted takeover proposal over a rival offer. Versum, the former...
