AkzoNobel Sells Stake in ICI Pakistan for $152.5 Million

Nichols: Will safeguard employees. AkzoNobel says that it has reached an agreement to sell its 75.81% stake in ICI Pakistan to the Yunus Brothers Group (KarÄ�chi, Pakistan) for $152.5 million. The price represents a premium of 30% on ICI Pakistan’s closing share price on July 27, AkzoNobel says. The transaction is expected to be completed toward the end of this year. The Yunus Brothers Group is a leading conglomerate with interests in the cement and textile industries, power, and real estate. The group had sales of €775 million ($953 million) in 2011...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

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