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Methanex to acquire OCI's methanol business in $2.05 bln deal
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Methanex to acquire OCI's methanol business in $2.05 bln deal
Sep 8, 2024 8:32 PM

Sept 8 (Reuters) - Canadian methanol producer Methanex ( MEOH )

said on Sunday it will acquire Dutch green fuel-maker

OCI Global's methanol business in a $2.05 billion deal.

The deal includes $1.15 billion in cash, the issuance of 9.9

million shares of Methanex ( MEOH ) valued at $450 million, it said,

adding that it is taking on about $450 million in debt and

leases.

OCI will become the second-largest shareholder of Methanex ( MEOH ),

with about 13% of the company, it said.

OCI had sold its clean ammonia project in Texas to

Australia's Woodside Energy ( WDS ) for $2.35 billion earlier

last month.

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