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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.18 | -3.44% | 89.36 | 88.10 | 91.18 | 89.68 | 89.23 | 89.53 | 2,216 | 21:06:11 |
From Jun 2019 to Jun 2024
PARIS--French oil major Total SA is in exclusive talks with chemical group Arkema to sell its adhesive maker Bostik for about EUR1.74 billion ($2.25 billion).
The company said Friday that the offer from Arkema, which was itself spun out of Total in 2006, values Bostik at 11 times its earnings before interests, taxes, depreciations and amortizations in 2013. Bostik makes products such as the Blu-Tack adhesive.
Total has said in recent years that it plans to sell between $15 billion and $20 billion of non-oil-producing assets, and others with falling profitability, by 2015 as part of a program to improve its cash flow and profitability.
The program following several years of big investments in its exploration and production projects.
Write to Inti Landauro at inti.landauro@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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