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...
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...
