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BHP Billiton details spinoff plans

2:19 PM MDT | August 19, 2014 | Natasha Alperowicz

BHP Billiton (Melbourne) today gave more information relating to the spinoff of some of its assets into a new metals and mining company dubbed NewCo. BHP, as previously announced, plans to demerge its aluminum, coal, manganese, nickel and silver mines...


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BHP Billiton confirms demerger plans

BHP Billiton (Melbourne) has confirmed that, as part of a plan to simplify its portfolio, it is favoring demerging noncore assets to concentrate on the iron ore, copper, coal, and petroleum assets, as well as potash, which the company is currently developing...

Mexichem acquires US-based HDPE conduit and pipe producer for $630 million

Mexichem (Tlanelpantla, Mexico) has reached an agreement to acquire Dura-Line (Knoxville, TN) from private equity firm CHS Capital (Chicago) for $630 millon in cash and assumed liabilities, Mexichem announced today. The transaction is subject to approval by...

PhosAgro begins squeeze-out at subsidiary

PhosAgro (Moscow), Europe’s largest producer of phosphate fertilizers and the world’s largest producer of high-grade phosphate rock, has begun squeezing out all shares belonging to PhosAgro-Cherepovets minority shareholders. PhosAgro-Cherepovets...

Hanwha Chemical acquires majority stake in TDI producer KPX

Hanwha Chemical (Seoul) is acquiring a 50.71% stake in KPX Fine Chemical (Yeosu, South Korea) for 42 billion South Korean won ($40.8 million). The transaction is expected to close by 1 October. The remaining shares in KPX are listed on the stock exchange...

Quaker acquires specialty grease maker

Quaker Chemical announced today that it has acquired specialty grease manufacturer ECLI Products (Aurora, IL) for $52 million. ECLI, with estimated 2014 Ebitda of $7 million, specializes in greases for original equipment manufacturing first-fill customers...

BASF invests in organic semiconductor inks firm SmartKem

BASF's venture capital business says it has invested €1.0 million ($1.3 million) in the technology company SmartKem (St. Asaph, UK), a leader in R&D of high-performance organic semiconductor inks. The inks are used in printed thin film transistors...

MEO Australia to sell stake in methanol and LNG projects

MEO Australia (Melbourne) announced today that it has put up for sale a stake in its previously reported Tassie Shoal methanol and liquefied natural gas (LNG) projects after receiving expressions of interest from a number of parties in the assets. “The...

Swiss health-care group Galenica to split into two listed companies

Galenica (Bern, Switzerland) said today that it is adapting a new management structure. The group will be headed by two CEOs, one in charge of Vifor Pharma, formerly the pharma division, and one of Gelenica Santé, the former Santé division. Both...

Kinder Morgan to buy out its MLPs in $71-billion deal

Kinder Morgan, Inc. (KMI) announced today that it is buying out its two master limited partnerships (MLPs) – Kinder Morgan Energy Partners (KMP) and El Paso Pipeline Partners (EPB) – along with limited liability management firm Kinder Morgan...

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