07 September 2012 14:12 [Source: ICIS news]
HOUSTON (ICIS)--Chemtura plans to raise up to $125m (€99m) from lenders to fund potential “bolt-on” investment opportunities, the CEO of the US-based specialty chemicals firm said on Friday.
Craig Rogerson said that Chemtura believed it was a good time to raise its liquidity in order to permit the company to undertake “transactions in the second half of 2012”.
“We continue to work on opportunities to monetise portfolio assets as well as ‘bolt-on’ investment opportunities in our areas of strategic focus,” Rogerson said.
“As a result, we may execute on one or more of these transactions in the second half of 2012, although there are many factors that may influence whether or not we are successful,” he added.
($1 = €0.79)
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