US Ecolab completes merger with Nalco

01 December 2011 16:54  [Source: ICIS news]

HOUSTON (ICIS)--Ecolab has completed its merger deal with water-treatment chemicals firm Nalco, the US firm said on Thursday.

Ecolab said the completion of the deal came after shareholders of both firms overwhelmingly approved the merger and after the receipt of remaining approvals from competition authorities in China.

The deal was first announced in July.

The total value of the deal is $8.3bn (€6.1bn), including Ecolab’s $5.6bn offer for Nalco's equity and $2.7bn in assumed Nalco debt.

($1 = €0.74)

Additional reporting by Al Greenwood

For more on Nalco and other producers visit ICIS company intelligence


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index