IHS Chemical Week

Regions :: North America

Henkel to Sell its Ecolab Shares; Ecolab to Buy Part of Stake

10:23 AM MST | November 18, 2008 | Robert Westervelt

Henkel plans to sell its 29.4% stake in Ecolab, roughly 72.7 million shares, via a public offering to investors. Ecolab has agreed to purchase $300 million of those shares directly from Henkel. Baker: Repurchase is a timely investment. The offering price was set at $30.50/share late last week, valuing Henkel’s stake at roughly $2.2 billion. Ecolab would repurchase roughly 4% of its outstanding shares based on the offer price. Ecolab says it will fund the share purchase with available cash, issuance of commercial paper, and possibly committed bank lines of...

This information is only available to Chemical Week subscribers.


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 © 2015 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