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Huntsman completes sale of its chemical intermediates and surfactants business to Indorama Ventures

 Last Update: 2022-08-21
 Source: Internet
 Author: User

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On January 5, Huntsman Corporation announced that it has completed the sale of its chemical intermediates business (including PO/MTBE) and its surfactant business to Indorama Ventures in a transaction valued at approximately $2 billion, including approximately $1.
93 billion in cash U.
S.
dollars, including estimated adjustments to the purchase price of working capital, and transfers of up to approximately $76 million in pension shortfalls and other post-employment benefit liabilities

Huntsman PO

Chairman, President and Chief Executive Officer Peter Huntsman said: "This transformational transaction significantly reduces our capital-intensive upstream assets, further strengthens our already strong balance sheet, and enables us to further invest and grow our downstream business

"This is a great deal for both Huntsman and Indorama

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$2 billion! Huntsman completes sale of its chemical intermediates and surfactants business to Indorama Ventures

01-08

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Huntsman completes sale of its chemical intermediates and surfactants business to Indorama Ventures

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$2 billion! Huntsman completes sale of its chemical intermediates and surfactants business to Indorama Ventures