Keyword: portfolio

News

AkzoNobel Selling Paper Chemicals Business to Kemira

09.07.2014 - AkzoNobel plans to sell its global paper chemicals business to Finnish chemical producer Kemira for €153 million. The unit that belongs to Pulp and Performance Chemicals business...

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Laticrete to Buy DuPont’s Surface Care Business

09.06.2014 - DuPont has reached "a definitive agreement" to sell its Surface Care business to US-based Laticrete, a manufacturer of solutions for the building industry. Subject to closing...

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Ineos Completes Takeover of Sasol Solvents Germany

04.06.2014 - Ineos has officially acquired Sasol Solvents Germany, following clearance from the European Commission. An acquisition price was not disclosed. With the deal announced in December...

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GSK Invites Private Equity Bids for Older Drugs

01.06.2014 - UK pharmaceutical producer GlaxoSmithKline has invited private equity firms to consider making offers for a range of its older drugs, news agencies report, citing people familiar...

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Germany's Evonik May Curb Spending, Make Acquisitions

08.05.2014 - Evonik, Germany's second-largest chemical producer behind BASF, posted earnings down nearly 25% for the 2014 first quarter and said it may cut its €6 billion investment budget...

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Lanxess to Realign Operations, Increase Equity by 10%

08.05.2014 - On the eve of Matthias Zachert's first press conference as CEO, German chemical producer Lanxess announced plans for a major overhaul of operations and portfolio, along with an...

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Bayer to Pay $14.2 Billion for U.S. Merck’s Consumer Business

07.05.2014 - As expected, Germany's Bayer has emerged as the winner of the race to acquire U.S. Merck's consumer care business. The $14.2 billion deal announced on May 5 is expected to close in...

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Sanofi Said Eyeing Drug Divestments of Over $7 Billion

30.04.2014 - French pharmaceutical producer Sanofi is looking to sell a portfolio of mature drugs that could fetch between $7 billion and $8 billion, the news agency Reuters said, quoting...