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Announced

INEOS to acquire a 50% stake in Shanghai SECCO Petrochemical from Sinopec for $1.5bn.

Financials

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Transaction Value£1,280m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales0.8x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

petrochemical products

Chemicals: Diversified

China

Friendly

Majority

Single Bidder

Acquisition

Cross Border

Synopsis

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INEOS, a chemicals company, agreed to acquire a 50% stake in Shanghai SECCO Petrochemical, a manufacturer and distributor of chemical products and plastic raw materials, from Sinopec, China Petroleum & Chemical Corporation, for $1.5bn.

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