Industry News, Mergers and Acquisitions, Suppliers News

Huntsman Completes $2 Billion Sale of Chemical Intermediates, Surfactants Businesses

The net cash proceeds are expected to be just under $1.6 billion.

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By: Anthony Locicero

Copy editor, New York Post

Huntsman Corporation announced it has completed the sale of its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures in a transaction valued at approximately $2 billion, comprising a cash purchase price of approximately $1.93 billion, which includes estimated adjustments to the purchase price for working capital, plus the transfer of up to approximately $76 million in net underfunded pension and other post-employment benefit liabilities. ...

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