Valence adviseert Indorama Ventures over de overname van Huntsman Integrated Oxides & Derivatives
NEW YORK-(BUSINESS WIRE)- De Valence Group heeft Indorama Ventures Public Company Limited geadviseerd bij de overname van Huntsman Corporation’s wereldwijde geïntegreerde ethyleenoxide en -derivaten, ethyleenglycol, propyleenoxide/MTBE, LAB en downstream oppervlakte-actieve stoffen voor een bedrag van 2 miljard dollar in contanten, plus de overname van uitgestelde pensioenverplichtingen van maximaal 75 miljoen dollar. Dit is de grootste overname in de geschiedenis van IVL en een van de grootste overnames van een Thais bedrijf in het afgelopen decennium. De verwachte afsluiting is Q4 2019, afhankelijk van de goedkeuring van de regelgevende instanties.
Over Indorama Ventures
Indorama Ventures, genoteerd in Thailand (Bloombergticker IVL.TB), is een van ‘s werelds grootste petrochemische producenten, met een wereldwijde productieafdruk in Afrika, Azië, Europa en Amerika.
Valence Advises Indorama Ventures on Acquisition of Huntsman Integrated Oxides & Derivatives
NEW YORK–(BUSINESS WIRE)– The Valence Group has advised Indorama Ventures Public Company Limited on its acquisition of Huntsman Corporation’s global Integrated Ethylene Oxide and Derivatives, Ethylene Glycol, Propylene Oxide/MTBE, LAB and downstream Surfactants businesses for $2 billion in cash plus the assumption of up to approximately $75 million in deferred pension obligations. This is the largest acquisition in IVL’s history and one of the largest acquisitions by a Thai company in the last decade. Expected closing is Q4 2019, subject to regulatory approvals.
About Indorama Ventures
Indorama Ventures, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and Americas. The company’s portfolio comprises Integrated PET, Fibers, Packaging, Specialty Chemicals and Olefins. Indorama Ventures products serve major FMCG and Automotive sectors, i.e. Beverages, Hygiene, Personal Care, Tire and Safety segments. Indorama Ventures had approximately 19,000 employees worldwide and consolidated revenue of US$ 10.7 billion in 2018.
About Huntsman
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2018 revenues of more than $9 billion. Its chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. It operates more than 75 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 10,000 associates within the four distinct business divisions.
About The Valence Group
The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategy consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190807005929/en/
Contacts
The Valence Group
Paul Lakind, 212-847-7339
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