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INDOY Indorama Ventures Public Company Ltd (PK)

5.78
0.00 (0.00%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Indorama Ventures Public Company Ltd (PK) USOTC:INDOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 5.78 5.10 5.57 3 16:13:52

Indorama Ventures To Acquire US-Based Old World For $795 Million

07/02/2012 2:51am

Dow Jones News


Indorama Ventures Public (PK) (USOTC:INDOY)
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Thailand's Indorama Ventures PCL (IVL.TH) said Tuesday it has singed an agreement to acquire 100% interest in U.S.-based Old World Industries I Ltd. and Old World Transportation Ltd. for $795 million.

Indorama plans to use its internal cash and loans from financial institutions to fund the acquisition, which is expected to be completed within the first quarter, Indorama said in a statement to the Stock Exchange of Thailand.

Old World owns an ethylene oxide/ethylene glycol facility in the U.S., with a crude ethylene oxide capacity of 435,000 metric tons per annum, the statement said.

-By Phisanu Phromchanya, Dow Jones Newswires; 662-690-4200; phisanu.phromchanya@dowjones.com

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