Keyword: portfolio building

News

Solvay to Sell US Eco Services business to CCMP Capital

01.08.2014 - Solvay said it has signed a binding agreement to sell its US-based Eco Services sulfuric acid virgin production and regeneration business to affiliates of CCMP Capital Advisors, a...

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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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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...

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Novartis and GlaxoSmithKline Swap $20 Billion in Assets

23.04.2014 - Novartis and GlaxoSmithKline have announced an asset swap worth more than $20 billion, with an eye to bolstering their best businesses and exiting weaker ones. The swap, which...

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Dow Lifts Asset Sale Target to $4.5-6 Billion by End of 2015

20.03.2014 - With activist shareholder hedge fund Third Point breathing down its corporate neck, Dow Chemical has lifted its asset sale target from $3-4 billion to $4.5-6 billion. The company...