PI Advanced Materials Sells to French Ikema for 1 Trillion Won
PI Advanced Materials will be sold to the French chemical group Arkema for 1 trillion won.
On the 28th, PI Advanced Materials announced that Korea PI Holdings signed a stock purchase agreement to sell 54.09% (15,877,400 shares) of its stake in PI Advanced Materials to Arkema Korea Holdings. The sale price is 1 trillion won. The expected closing date of the transaction is March 31 of next year.
PI Advanced Materials is the market leader in polyimide (PI) film. Korea PI Holdings is a special purpose company (SPC) established by Glenwood PE, a domestic private equity firm, to acquire PI Advanced Materials.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
The Arkema Group is a global company ranked among the top three chemical companies worldwide alongside BASF and Dow. It produces specialty chemical materials.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
