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...
Bayer offers concessions to EU Commission for Monsanto deal
The European Commission said Germany’s Bayer (BAYGn.DE) had submitted commitments aimed at easing competition concerns over its $66 billion takeover of U.S. agrochemicals group Monsanto (MON.N), suggesting the...
NCLT appoints IPR for insolvency of Nagarjuna Oil Corporation
The National Company Law Tribunal’s (NCLT) Chennai bench has appointed an Insolvency Resolution Professional (IRP) for Nagarjuna Oil Corporation (NOCL) based on an application filed by one of its creditors, the...
Linde, Praxair reach agreement on details of merger
German industrial gases group Linde and US peer Praxair have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday. The all-share merger of equals, intended to create a...
As Syngenta deal closes, ChemChina and Sinochem press $120 billion deal: sources
Chinese state-owned Sinochem and ChemChina are in merger talks to create the world’s biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations...
Wacker Chemie says to reduce stake in Siltronic
German specialty chemicals maker Wacker Chemie (WCHG.DE) said on Tuesday it had started a sale process to reduce its 51.8 percent in its silicon wafers business Siltronic (WAFGn.DE). “Siltronic’s share price...
Tronox to acquire titanium dioxide business of Cristal
Chemical maker Tronox Ltd (TROX.N) announced plans on Tuesday to buy the titanium dioxide business of Cristal, a subsidiary of Saudi Arabia’s Tasnee, for $1.67 billion cash and new shares. The deal would make...
Kanoria Chemicals in talks to raise Rs300 crore
New Delhi-based Kanoria Chemicals and Industries Ltd (KCIL) is in advanced talks to raise close to Rs300 crore from Piramal Fund Management Pvt. Ltd to refinance a part of its debt, two people aware of the development...
SK Innovation buys Dow Chemical’s ethylene acrylic acid unit for $370 million
South Korea’s SK Innovation (096770.KS) said on Thursday it will acquire Dow Chemical Co’s (DOW.N) ethylene acrylic acid (EAA) business for $370 million, a move that will expand its range of high value-added...
Swiss chemicals maker Clariant may buy Mumbai’s Galaxy Surfactants
Swiss speciality chemicals maker Clariant AG is in advanced talks to acquire Mumbai-based chemical manufacturer Galaxy Surfactants Ltd, two people aware of the development said. The deal is potentially worth Rs1,300...
