UK specialty chemicals company Elementis has agreed to sell its chromium business to the Yildirim Group for $170 million. The deal values the business at 7.3 times the EBITDA posted in fiscal 2022 (30 June.)
Turkish industrial conglomerate Yildirim will now launch a mandatory takeover bid for fertilizer producer Rosier – and a squeeze-out offer for the remaining shares – once the acquisition from Borealis has closed.
Borealis has agreed to sell its 98.09% stake in Belgian fertilizer producer Rosier to Turkey’s Yildirim Group. The proposed deal puts an enterprise value of €35 million on Rosier.
