5bn alkali chemicals unit sale
Nov 20 (Reuters) Diversified chemical company canada goose black friday sale FMC Corp said on Thursday it has tapped Bank of America Canada Goose Jackets Corp and Goldman Sachs Group Inc to help with the sale of its alkali chemicals unit, which canada goose uk shop sources said could fetch Canada Goose Coats On Sale around $1.5 billion.
The Philadelphia, Pennsylvania based chemical maker announced its intention to sell the alkali chemicals business on Sept. 8, when it unveiled a deal to acquire Cheminova A/S, a wholly owned subsidiary of Auriga Industries A/S canada goose store for $1.8 canada goose uk black friday billion.
An FMC representative on Thursday canadian goose jacket confirmed the bank mandates following a Reuters canada goose coats enquiry. He declined to comment on the unit valuation, which was provided by sources close to the deal who spoke on condition of anonymity. Goldman Canada Goose online Sachs canada goose clearance sale and Canada Goose Parka Bank of America declined to comment.
The alkali chemicals division is a global Canada Goose Online producer of natural soda buy canada goose jacket cheap ash and related products used in the glass, chemical processing and detergent industries.
In March, FMC said it would split itself into two companies in uk canada goose topcanadagoose outlet a bid to separate its stable and growing agriculture, Canada Goose sale health and nutrition businesses from canada goose its cyclical minerals division.
FMC alkali chemicals unit was to cheap Canada Goose be placed inside the Canada Goose Outlet company minerals segment. FMC scuttled its plans to spin off of the minerals business, however, when it agreed to acquire Cheminova.
FMC Chief Executive Pierre Brondeau has said the sale of alkali chemicals will allow FMC to cut its debt pile canada goose uk canada goose outlet vancouver outlet following the canada goose factory sale Cheminova deal. FMC lithium unit, the other component canada goose clearance of what would have been the minerals division, will remain with FMC following the sale of buy canada goose jacket the alkali business.
FMC will concentrate on its nutrition, agriculture and health business lines following the sale of the alkali business.
Brondeau said on Sept. 8 he expected the uk canada goose sale canada goose coats on sale of the alkali chemicals unit to cheap canada goose uk be completed by mid 2015. (Reporting by Greg Roumeliotis and Mike Stone; Editing by Marguerita Choy).