Petronas Chemicals to acquire speciality chemicals firm Perstorp for RM10.5bil

Petronas Chemicals Group Bhd (PCG) managing director/CEO Ir. Mohd Yusri Mohamed Yusof (seated, left) and PAI Partner Fabrice Fouletier (seated, right). Standing from left: PCG chief financial officer Mohd Azli Ishak, Perstorp president and CEO Jan Secher and PAI Partner Ragnar Hellenius.

KUALA LUMPUR: Petronas Chemicals Group Bhd has inked a deal to acquire the entire equity interest in Perstorp Holding AB, a global speciality chemicals company, with Financière Forêt Sàrl, a company under European private equity firm PAI Partners, for EUR2.3bil (RM10.5bil)

In a statement, the group said the acquisition marks the creation of a significant speciality chemicals portfolio, while enhancing its overall earnings.