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...
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...
