M&A

Equipolymers Completes Sale of PTA-PET Operation

3:21 PM EDT | July 6, 2010 | Peter Mapleston

Equipolymers (Dubai) has completed the sale of its purified terephthalic acid (PTA) and polyethylene terephthalate (PET) plants at Ottana on the Italian island of Sardinia, to a joint venture between local power generating company Ottana Energia and Indorama...

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Cognis Completes UV Acrylates Sale

Cognis has completed the sale of its UV acrylates business to IGM Resins (Waalwijk, the Netherlands), the companies say. The deal was first...

Airgas Rejects Air Products’ Latest Acquisition Bid

Airgas’ board of directors has unanimously rejected Air Products’ most recent bid to acquire Airgas for $65.50/share. The offer price is about 3% higher than Air Products’ previous bid. “We believe that this slight increase in Air...

DyStar Divests Production Site in Germany

CBW Chemie (Bitterfeld Wolfen, Germany) and WeylChem Group (Frankfurt) have agreed jointly to acquire DyStar's (Frankfurt) production site at Brunsbüttel, Germany. Completion of the deal is due in October 2010. The site forms part of the Bayer Industrial...

Sinochem Approaches Temasek About PotashCorp Bid, Reports Say

There has also been speculation that Sinochem, in partnership with China's sovereign wealth fund CIC (Beijing), has been in talks to possibly buy a blocking stake in PotashCorp, reports say....

Sibur Buys Stake in Moscow PP Producer

Sibur says it has acquired a 50% stake in polypropylene (PP) manufacturer NPP Neftekhimya from Moscow Oil Refinery (MOR). NPP Neftekhimya will be operated as a 50-50 joint venture between Sibur and MOR. The PP plant is located at MOR's Moscow refinery...

AkzoNobel to Acquire Chinese Automotive Coatings Firm

AkzoNobel says it has agreed to acquire Prime Automotive Paint (Changzhou, China), a company that develops, manufactures, and sells automotive coatings, primarily for the refinish market. Financial terms were not disclosed. Prime is one of China’s...

SNPE to Close Nitrocellulose Plant

The closure follows sale of the company's Bergerac, France site....

Petronas to IPO Petrochemicals Business

State-owned energy firm Petronas (Kuala Lumpur) has filed a draft prospectus with the Malaysian Securities Commission (Kuala Lumpur) for an initial public offering (IPO) of the company's petrochemicals business at a yet-to-be-determined date. The listing of...

Air Products Raises Offer for Airgas

Air Products also says it will withdraw the offer if Airgas shareholders do not elect Air Products board member nominees and vote for its proposed by-law amendments on September 15....

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