in this issue
Chemical Week Magazine :: Newsbriefs
Methanex to sell 10% share of Egyptian JV to Apicorp
10:06 AM MDT | October 25, 2013
Methanex: Deal will increase Apicorp’s share of the joint venture to 17%. Methanex (Vancouver, BC) on 22 October announced plans to sell a 10% equity share in Egyptian Methanex Methanol Co. (EMethanex) to Arab Petroleum Investments Corp. (Apicorp; Ad DammÄm, Saudi Arabia) for $110 million. The deal, which is expected to close later this year, will increase Apicorp’s share of the joint venture to 17%, while Methanex will retain just over 50%. “The transaction aligns with Apicorp’s investment strategy, and EMethanex will benefit from...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee