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Petronas Chemicals to acquire Perstorp Holding in deal that values Swedish company at RM10.5b | Malay Mail

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KUALA LUMPUR, May 17 — Petronas Chemicals Group Bhd (PCG) said it has signed a securities purchase agreement to acquire 100 per cent of Sweden-based global sustainable specialty chemicals company Perstorp Holding AB for €1.54 billion, or equivalent to RM7.02 billion. The agreement was signed...

Tuesday, 17 May 2022 06:52 PM MYT

“Perstorp is an outstanding strategic fit for PCG and enables us to participate in attractive end-markets such as paints and coatings, construction, automotive, personal care, and animal nutrition that share a robust growth outlook,” he said in a statement. “This acquisition will also provide us critical talent, know-how, technological platforms and proven customer channels to address the pressing needs of the market for more sustainable solutions.

“We find Perstorp attractive for their expansive range of products, established customer base as well as their market leadership in selected chemicals, which are complementary to PCG,” Mohd Yusri said.

 

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