Jan 16, 2023ACQUISITIONAustralia INEOS agrees to buy Sika's admixture assets for about $750 million
INEOS Enterprises agreed to acquire MBCC Group's admixtures business in the US, Canada, Europe, the UK, Australia and New Zealand from Sika AG. The deal values the assets at about $750 million and is part of Sika's remedy process for its acquisition of MBCC Group, with closing expected in first half of 2023.
Productsconcrete admixtures
“The deal values the assets at about $750 million, people familiar with the matter have said.”financialpost.com
- 4 sources
- financialpost.comBritish Billionaire Ratcliffe's Ineos to Buy Sika Assets | Financial PostBloomberg NewsJan 16, 2023
- globalcement.comAustralian competition authorities seek comment on Sika's MBCC Group acquisition - Cement Sector News - Global CementGlobal Cement staffJan 20, 2023
- agenceurope.euGreen light for Sika to acquire MBCC, subject to conditions | AGENCE EUROPEFeb 7, 2023
- concurrences.comThe EU Commission conditionally approves the acquisition of a company in the markets for the development and supply of chemical admixtures and construction materials (Sika / MBCC) - ConcurrencesAustralian Competition AuthorityMar 13, 2023
Summarized from public sources; check the original articles before acting on it.
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