# Arkema to sell oxo alcohols stake to INEOS

Arkema announced a project to sell its 50% stake in the Oxochimie joint venture and associated business to INEOS. The deal is expected to close in early 2017, subject to approvals.

- Type: Acquisition
- Announced: 2017-01-26
- Where: Lavéra, France
- Status: announced
- Products: oxo alcohols
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Arkema](https://endata.com/companies/7031.md) (partner)
- [Arkema](https://endata.com/companies/7031.md) (target)
- [INEOS](https://endata.com/companies/9807.md) (acquirer)
- [Oxochimie](https://endata.com/companies/21762.md) (target)

## Sources

- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/corporate/2017/20170126-arkema-annonce-un/), 2017-01-26: "The project, due to be finalized early 2017, is subject to an information and consultation process of social work councils and approval of the relevant antitrust authorities."
- [inkworldmagazine.com](https://www.inkworldmagazine.com/breaking-news/arkema-announces-proposed-divestment-of-oxo-alcohols-business/), 2017-01-27: "Arkema announces a project for the sale to INEOS of its 50% stake in Oxochimie, their oxo alcohols manufacturing joint venture, and the associated business."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/arkema-announces-sale-of-project-to-ineos-oxo-alcohols-manufacturing-jv/), 2017-02-03: "Arkema has announced a project for the sale to INEOS of its 50 percent stake in Oxochimie, their oxo alcohols manufacturing joint venture, and the associated business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.