# INEOS Styrolution sells India stake to Shiva Performance Materials

INEOS Styrolution agreed to sell its 61.19% equity interest in INEOS Styrolution India to Shiva Performance Materials, part of the Shiva Group. The transaction triggers a mandatory tender offer and is subject to customary conditions.

- Type: Acquisition
- Announced: 2022-08-01
- Where: India
- Status: announced
- Products: styrenics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [INEOS Styrolution](https://endata.com/companies/4374.md)
- [Shiva Performance Materials](https://endata.com/companies/64477.md) (acquirer)
- [INEOS Styrolution India](https://endata.com/companies/64478.md) (target)

## Sources

- [pressreleasefinder.com](https://www.pressreleasefinder.com/INEOS_Styrolution/INSPR142/en/), 2022-08-01: "The business continues in Shiva Performance Materials’ experienced hands, serving the existing customer base and seeking future growth potential to enhance the Company’s current position in the Indian market."

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