24 January 2011 19:54 [Source: ICIS news]
Mumbai-based Aditya Birla would pay $800m in cash, according to a report in The Wall Street Journal on 22 January.
Georgia-based Columbian Chemicals is owned 66.75% by One Equity Partners, an investment banking group held by JP Morgan Chase.
Columbian Chemicals is the world’s third-largest carbon black manufacturer (after Cabot and Evonik) and has about 9% of global market share, according to Standard & Poor’s.
($1 = €0.73)
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