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...
Advent to pay about 700 million euros for Italy’s ICE: source
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...
