IHS Chemical Week

People & Business :: M&A

AkzoNobel to Sell Stake in ICI Pakistan to Yunus Bros. for $152.5 Million

9:20 AM MDT | July 30, 2012 | Deepti Ramesh

AkzoNobel says it has reached an agreement to sell its 75.81% share of ICI Pakistan to the Yunus Brothers Group (Karāchi, Pakistan) for $152.5 million. The price represents a premium of 30% on the market price when the local stock exchange closed on Friday, July 27, AkzoNobel says. The transaction is expected to be completed towards the end of this year, once regulatory approvals have been obtained and the purchaser has completed a legally required tender offer for at least 50% of the shares in ICI Pakistan held by the other shareholders, AkzoNobel says...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa