Arkema to acquire majority stake in PI Advanced Materials for €728M

French chemicals group Arkema announced the proposed acquisition of a 54% stake in South Korean PI Advanced Materials (PIAM) from Glenwood Private Equity for 728 million euros. The deal is expected to close in the second half of 2023.

“French chemicals group Arkema announced on Wednesday a proposed acquisition of a majority stake in South Korean company PI Advanced Materials (PIAM) for 728 million euros.”reuters.com

• 5 sources
• reuters.comFrance's Arkema to buy South Korean company PIAM for 728 million eurosJun 28, 2023
• arkema.comArkema broadens its range of high performance polymers with the acquisition of a controlling stake in PI Advanced Materials | Arkema GlobalThierry Le Hénaff, Arkema’s Chairman, Chief Executive Officer.Jun 28, 2023
• asia.nikkei.comSouth Korea's PI Advanced Materials to be sold to France's Arkema for $760m - Nikkei AsiaKOTARO HOSOKAWA, Nikkei staff writerJun 29, 2023
• coatingsworld.comArkema to Purchase Controlling Stake in PI Advanced Materials - Coatings WorldSaveJul 1, 2023
• canplastics.com

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