INEOS Styrolution, the global leader in styrenics, announced today that it has entered into an agreement for the sale of its entire shareholding interest in
Upon completion of the transaction, Shiva Performance Materials will acquire INEOS Styrolution's 61.19% equity interest in
The transaction triggers a mandatory tender offer (MTO) and the completion is subject to fulfillment of customary conditions.
ABOUT INEOS STYROLUTION
INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2021, sales were at
Contact:
Tel: +49 69 5095501200
Email: INSTY.info@ineos.com
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