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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Brent falls as recession fears deepen demand concerns
Yum Brands close to selling KFC business in Russia
MMAG to dispose of Shah Alam land for RM20mil
CEKD to buy 82% stake in Worldwide Die Cutting Mould for RM6.23mil
Boardroom changes in KYM
Property demand to remain despite anticipated OPR increase
Ringgit ends lower against US dollar
Ekovest secures RM1.979bil RTS Link Project
Proton unveils new hi-tech engine assembly line in Tanjung Malim
RHB enhances API-driven digital platform for SMEs

Others Also Read