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Chemical Week Magazine :: Newsbriefs
Orica to spin off or sell chemicals business
7:00 AM MDT | August 15, 2014
Orica (Melbourne) says that its board intends to pursue demerging or selling the companyâ€™s chemicals business. The announcement follows a review of the chemicals business. Orica says it has received a number of unsolicited enquiries from companies interested in acquiring the business. â€śWhilst demerger is currently the preferred approach, Orica will consider any alternatives that are in the interests of shareholders,â€ť Orica says. Oricaâ€™s chemicals business has annual revenue of about A$1.2 billion ($1.1 billion). The chemicals business generated A$591...
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