# Petronas Chemicals Group to acquire Perstorp for 2.3 billion euros

Petronas Chemicals Group (Ma Petrochemical) signed an agreement to acquire Swedish specialty chemicals company Perstorp from PAI Partners for 2.3 billion euros, expected to close in the third quarter of 2022.

- Type: Acquisition
- Announced: 2022-05-17
- Where: Sweden
- Value: $2.43B (2.30B EUR)
- Status: announced
- Products: polyols, plasticizers, specialty polymers, acids, salts
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PAI Partners](https://endata.com/companies/2836.md) (investor)
- [Petronas Chemicals Group Bhd](https://endata.com/companies/15828.md) (acquirer)
- [Perstorp](https://endata.com/companies/21777.md) (target)

## Sources

- [echemi.com](https://www.echemi.com/cms/672284.html), 2022-05-23: "On May 17, Malaysia's Petronas Chemicals Group announced that it had signed an agreement with a company under the European private equity firm PAI Partners on May 14, with 2.3 billion euros to acquire Swedish specialty chemicals giant Perstorp."

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