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...
BASF agrees oil unit merger with Fridman’s DEA to spur expansion
Chemical giant BASF agreed to merge its oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, to create one of the largest independent oil and gas firms in Europe, the companies said...
U.S. challenges Tronox plan to buy Cristal’s titanium dioxide business
The U.S. government has filed a complaint aimed at stopping chemical maker Tronox Ltd (TROX.N) from purchasing Cristal’s titanium dioxide business, the Federal Trade Commission said. The companies are two of the three...
Akzo Nobel seeks shareholders’ nod to sell chemical biz to group affiliate
Paints and coatings firm Akzo Nobel India has sought shareholders’ approval to sell its speciality chemical business as a ‘going concern’ to an affiliate of the Akzo Nobel Group for Rs 320 crore...
Doubts growing whether Clariant can seal Huntsman deal
Doubts are growing among Clariant investors whether the Swiss chemicals maker will be able to drive through a $20 billion merger with Huntsman Corp in the face of opposition from an activist investor. White Tale...
Genesis Energy to buy Tronox’s alkali business for $1.3 billion
Genesis Energy LP said it will buy Tronox Ltd’s alkali business, the world’s largest producer of natural soda ash, for about $1.33 billion in cash to expand into the chemicals sector. Genesis said it would...
