Business Digest
Bayer has succeeded in its protracted takeover bid for Schering after competing bidder Merck finally agreed to let Bayer acquire its 21.8% stake in the company. The deal, the largest undertaken ...
Business Digest
Neil Eisberg Anglo-Dutch oil and petrochemicals major Shell will invest $4bn in its downstream operations in 2006. The groups total capital investment next year is around $19bn. Chief executive...
Business Digest
Mark Whitfield Neste Oil has won the 2006 Finnish Chemical Industry Innovation Award for developing a technology enabling high quality diesel oil to be produced from vegetable oils and animal fa...
Business Digest
Neil Eisberg German speciality chemical company Degussa has completed the sale of its construction chemicals activities to BASF (Ludwigshafen, Germany) for a total transaction value of over €2.8...
Business digest
Neil Eisberg German chemical group Wacker (Munich) has change its legal form from private limited company to stock corporation to gain more financing flexibility. Private limited company involv...
Business digest
Neil Eisberg US concern Kerr-McGee (Oklahoma City, Oklahoma) is separating out its chemicals business through an initial public offering (IPO) of Class A common stock of its wholly-owned subsidi...
Business digest
Neil Eisberg Eastman Chemical (Kingsport, Tennessee, US) has reported record Q3 sales revenues of $1.82bn (€1.56bn), up 10% on Q3 2004. Operating earnings were $198m, compared with $73m in 2004....
Business Digest
Neil Eisberg German chemicals major BASF, based in Ludwigshafen, is acquiring Leuna-Miramid, of Leuna, Germany, and strengthening its European position in engineering plastics. Leuna-Miramid was...
Business digest
Neil Eisberg Two of the UKs major private sector forensic science service companies are to merge as a result of LGCs acquisition of Forensic Alliance, which has laboratories in Culham, Oxfords...
Business digest
Neil Eisberg Altana Chemie, the speciality chemicals division of German-based pharmaceuticals and chemicals group Altana, is acquiring the metallic pigments and inks concern Eckart, of Furth, Ge...