Methanex Acquires OCI's Methanol Business for $2.05 Billion
Sunday, 8 September 2024, 16:59
Methanex to Acquire OCI's Methanol Business
(Reuters) - Canadian methanol producer Methanex announced a significant move on Sunday, confirming its acquisition of Dutch green fuel-maker OCI Global's methanol business.
Details of the Deal
- The total acquisition cost is estimated at $2.05 billion.
- The deal includes $1.15 billion in cash.
- This acquisition is seen as a strategic effort to enhance Methanex's position in the methanol market.
Market Implications
The Methanex and OCI deal marks a pivotal moment in the methanol industry. Analysts predict that this transaction could lead to significant changes in market dynamics, influencing pricing strategies and production capacities among competitors.
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