Regions :: Western Europe :: Germany
Chemical Finance Digest, Oct. 10-14
7:32 AM MDT | October 18, 2011 | Vincent Valk
Topping the headlines last week, DuPont has put Teijin Films, its polyester-film joint venture, and a power-based coatings unit, up for sale, according to a report in Bloomberg. The report says the businesses are likely to fetch less than $1 billion each. In other M&A news, Thailand-based PTT Chemical has agreed to acquire a 50% stake in Cargill’s NatureWorks subsidiary, a PLA maker, for $150 million. NatureWorks is also planning a PLA plant in Thailand. Meanwhile, DuPont’s bid for Pannar, Africa’s largest seed firm, was rejected by...
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