Methanex To Buy OCI's International Methanol Business For $2.05B: Details
Acquisition Details: Methanex Corporation has agreed to acquire OCI Global's international methanol business for $2.05 billion, which includes stakes in two methanol facilities in Texas and a low-carbon production business, expected to increase Methanex's global production by over 20%.
Financial Impact and Plans: The acquisition is projected to generate $30 million in annual cost synergies and add $275 million to Methanex's Adjusted EBITDA, with plans to maintain financial flexibility through a robust financing strategy.
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Methanex To Buy OCI's International Methanol Business For $2.05B: Details
Acquisition Details: Methanex Corporation has agreed to acquire OCI Global's international methanol business for $2.05 billion, which includes stakes in two methanol facilities in Texas and a low-carbon production business, expected to increase Methanex's global production by over 20%.
Financial Impact and Plans: The acquisition is projected to generate $30 million in annual cost synergies and add $275 million to Methanex's Adjusted EBITDA, with plans to maintain financial flexibility through a robust financing strategy.
Methanex To Buy OCI's International Methanol Business For $2.05B: Details
Acquisition Details: Methanex Corporation has agreed to acquire OCI Global's international methanol business for $2.05 billion, which includes stakes in two methanol facilities in Texas and a low-carbon production business, expected to increase Methanex's global production by over 20%.
Financial Impact and Plans: The acquisition is projected to generate $30 million in annual cost synergies and add $275 million to Methanex's Adjusted EBITDA, with plans to maintain financial flexibility through a robust financing strategy.
