Germany's private chemical firm PCC won exclusive negotiating rights to buy controlling stakes in the Polish chemical makers Tarnow and ZAK, deputy head of government agency running the deal told Reuters. The exclusivity ends on March 22, Wieslaw Skwarko said. Investor for the third chemicals maker put up for sale, Ciech, may be chosen after the company reaches a deal with banks on financing.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
