Total has agreed to sell its speciality chemicals business Atotech to private equity firm Carlyle Group for $3.2 billion (2.57 billion pounds) , part of a $10 billion asset sale programme the French oil firm hopes to complete by the end of 2017.
Total said the sale price was equivalent to 11.9 times 2015 earnings before interest, tax, depreciation and amortisation for the business which specialises in metallization, panel plating and corrosion protection.
By Andrew Callus
Source: Reuters
The Chemours Company (NYSE: CC), DuPont de Nemours, Inc. (NYSE: DD) and Corteva, Inc. (NYSE: CTVA) (the “companies”) today announced they have reached an agreement in principle to comprehensively resolve all PFAS-related drinking water claims of a defined class of public water systems that serve the vast majority of the United States population.
The quest to develop hydrogen as a clean energy source that could curb our dependence on fossil fuels may lead to an unexpected place — coal. A team of Penn State scientists found that coal may represent a potential way to store hydrogen gas, much like batteries store energy for future use, addressing a major hurdle in developing a clean energy supply chain.
WE Soda (London), a major producer of soda ash, said it intends to launch an IPO and apply to list its shares on the main market of the London Stock Exchange. The company, wholly owned by industrial conglomerate the Ciner Group (Istanbul, Turkey), said it is the world’s largest producer of natural soda ash.
