Huntsman completed the acquisition of 50% stake in Sasol-Huntsman Joint Venture for $93m.

Huntsman, a manufacturer of specialty chemicals, completed the acquisition of 50% stake in Sasol-Huntsman Joint Venture for $92.5m from Sasol. "Closing on the acquisition of the remaining interest in our maleic German joint venture provides us with the flexibility to fully integrate our European business into our worldwide footprint, thereby better servicing our global customer base in key markets such as construction and coatings. This fits well into our core strategy to expand our portfolio of businesses with higher, more stable margins and strong free cash flow," Peter Huntsman, Huntsman CEO.