# Arkema to divest functional polyolefins business to SK Global Chemical

Arkema announced its intention to divest its Functional Polyolefins business to SK Global Chemical for an enterprise value of €335 million. The disposal is expected to be finalized in Q2 2020.

- Type: Acquisition
- Announced: 2019-12-01
- Value: $370.0M (335.0M EUR)
- Status: announced
- Products: functional polyolefins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Arkema](https://endata.com/companies/7031.md) (target)
- [SK Global Chemical Co.](https://endata.com/companies/21935.md) (acquirer)

## Sources

- [doi.org](https://doi.org/10.1016/s0306-3747(19)30227-1), 2019-12-01: "Subject to an on-going consultation process involving Arkema's employee representative bodies and to the approval of the relevant antitrust authorities, the disposal is expected to be finalized in 2Q 2020."

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