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Announced

Shiva Group to acquire a 61.19% stake in INEOS Styrolution India from INEOS Styrolution for $132m.

Financials

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Transaction Value£117m
Consideration TypeCash
Capital Owned-
Capital Bid For61%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

hydrocarbons

Majority

Friendly

Acquisition

Specialty Chemicals

Domestic

Single Bidder

specialty monomers

Pending

India

Synopsis

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Shiva Group, a chemical group, agreed to acquire a 61.19% stake in INEOS Styrolution India from INEOS Styrolution, a styrenics manufacturer, for $132m. "The business continues in Shiva Performance Materials' experienced hands, serving the existing customer base and seeking future growth potential to enhance the Company's current position in the Indian market," Steve Harrington, INEOS CEO.

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