Indorama Ventures to acquire Oxiteno for $1.3B

Indorama Ventures Public Company Limited agreed to acquire Brazil-based Oxiteno S.A. Indústria e Comércio from Ultrapar Participações S.A. for $1.3 billion, with a deferred payment of $150 million in 2024. The acquisition gives IVL a unique portfolio in high-value surfactants.

“IVL will purchase Oxiteno for US$1.3 billion (subject to adjustments at closing), with a deferred payment of $150 million in 2024.”indoramaventures.com

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• indoramaventures.comIndorama Ventures agrees to buy Brazil-based Oxiteno to create a unique portfolio in high-value surfactants | Indorama VenturesAug 16, 2021

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