Aditya Birla Group firm Grasim Industries Ltd on Monday said it has inked a pact to acquire chlor-alkali business of KPR Industries by way of a slump sale for a cash consideration of ₹253 crore. The company, which has...
BASF to launch construction chemicals unit sale in spring: sources
BASF will launch the sale of its $3 billion-plus construction chemicals business in the spring, as part of the German chemicals group’s drive to focus on more profitable operations, people close to the matter said...
Chemicals maker Entegris to buy Versum in $4 billion microchip bet
Entegris Inc said on Monday it would buy rival Versum Materials Inc in an all-stock deal worth about $4 billion, creating a big chemical supplier to the semiconductor market at a time when the industry is under pressure...
EU gives conditional approval to BASF acquisition of Solvay nylon business
The European Commission said on Friday it had approved the acquisition by German chemical company BASF of the nylon business of Belgian rival Solvay subject to conditions. The EU antitrust said Solvay’s facilities in...
Bain-Piramal fund invests $156 million in Archean Group’s marine chemicals business
India Resurgence Fund, a joint venture between Piramal Enterprises Ltd and Bain Capital Credit, on Monday said it had invested $156 million in the marine chemicals business of Chennai-based Archean Group. The investment...
Dutch firm Koninklijke DSM to buy assets in India
Dutch specialty chemicals maker Koninklijke DSM NV (DSM), which has a war chest of $3.5 billion to spend on acquisitions globally, is looking to pick up assets in India, a top executive said in an interview. “We have...
Refinitiv, Akzo buyouts hand more ammunition to private equity firms
The overwhelming response to the US$13.5bn buyout loan and bond financing for Refinitiv and the similar US$7.6bn debt financing backing Akzo Nobel’s spin-off of its chemicals business looks set to have far-reaching...
Chemical distributor Univar to buy Nexeo for $1.05 billion
Chemical distributor Univar Inc (UNVR.N) will acquire smaller rival Nexeo Solutions Inc (NXEO.O) for about $1.05 billion in a cash-and-stock deal to expand its presence in North America. The deal announced on Monday...
U.S. court blocks Tronox’s acquisition of Cristal’s business
A U.S. judge on Wednesday granted the U.S. Federal Trade Commission (FTC) a preliminary injunction blocking chemical maker Tronox’s (TROX.N) pending acquisition of Saudi Arabian peer Cristal’s titanium dioxide business...
ICICI Prudential cuts 2.05% stake in Tata Chemicals
ICICI Prudential Life Insurance Company has sold 2.05% stake, or over 52 lakh shares, in Tata Chemicals through open market transactions. After sale of these shares, the insurance firm’s stake in Tata Chemicals has come...
Excel Crop Care board approves merger with Sumitomo Chemicals
Agrochemicals maker Excel Crop Care Ltd has said that its board has approved a plan that will see its present owner Sumitomo Chemicals India Pvt. Ltd reverse merge with the company to become a listed entity, the company...
Israel Chemicals sells stake in desalination firm IDE for $167 million
Israel Chemicals (ICL) said on Sunday it completed a sale of its 50 percent holding in water desalination firm IDE Technologies for $167 million. The final price was below an initial agreement of $178 million, ICL said...
