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Oman Oil Co. to acquire Oxea from Advent

7:00 AM MDT | October 11, 2013 | —Deepti Ramesh

Oman Oil Co. (OOC; Muscat) has reached a deal to acquire Oxea (Oberhausen, Germany) from private equity owners Advent International (Boston). Financial details have not been disclosed. Oxea generated sales of about €1.5 billion ($2.02 billion) in 2012 and employs about 1,406 people worldwide. Oxea makes oxo intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines. The acquisition is subject to antitrust approvals and satisfaction of other conditions, the companies say. Oxea was formed in 2007 by merging...

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