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| Name | Symbol | Market | Type |
|---|---|---|---|
| Arkema (PK) | USOTC:ARKAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 94.95 | 93.56 | 94.54 | 51 | 14:49:01 |
From Oct 2019 to Oct 2024
French chemicals company Arkema SA (AKE.FR) Tuesday said it plans to buy a package of assets from cross-town oil major and former parent company Total SA (TOT), for an enterprise value of EUR550 million.
In a separate statement, Total said selling the businesses shows its strategy of "refoucusing" its specialty chemicals activities.
The package of businesses has "growing" yearly sales of around EUR850 million, Arkema said.
"Fully in line with its strategy to bolster its specialty product activities, this project would establish Arkema as a leader in the global coatings resins market," the company said.
-Adam Mitchell, Dow Jones Newswires, +33 1 40171756; .mitchell@dowjones.com
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