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

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.