.
MergerLinks Header Logo

New Deal


Announced

ICIG to acquire the superabsorbents business of Evonik.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Germany

Acquisition

Private

Single Bidder

Domestic

Pending

Friendly

superabsorbents

chemicals

Specialty Chemicals

Majority

Synopsis

Edit

ICIG, a privately owned industrial group, agreed to acquire the superabsorbents business of Evonik, a specialty chemicals company. Financial terms were not disclosed. "In terms of its profile, the superabsorbents business no longer fits our character as a specialty chemicals company. We have sought and found a reliable investor for it. Our company is thus taking the second step in the divestment of our Performance Materials Division," Christian Kullmann, Evonik CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US