As a former McKinsey consultant with an MBA, Fernando Musa knew about the theory of management — but it was only when he was thrust into the chief executive role at Braskem, the Brazilian petrochemical group, that he learnt how to lead.
His predecessor, Carlos Fadigas, had become embroiled in a massive corruption scandal. The company needed a new figure at the helm urgently.
> Read the full article on the Financial Times website
By Joe Leahy
Source: Financial Times
The European Union said Monday that it has approved Agrofert Group’s acquisition of Borealis AG’s nitrogen business after concluding that the deal wouldn’t raise competition concerns. Agrofert is a Czech conglomerate, while Austrian chemical and fertilizer company Borealis is 75%-owned by OMV AG with the remaining 25% held by Abu Dhabi National Oil Co.
LyondellBasell Industries N.V. and Mepol Group announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland.
Univar Solutions Inc and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion.
