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Exits chemicals to focus on oil and gas business.
August 16, 2021
By: TOM BRANNA
Editor
Ultra Group, São Paolo, has agreed to sell Oxiteno to Indorama Ventures for $1.3 billion. “This acquisition is natural and appropriate,” said Aloke Lohia, group CEO, Indorama Ventures. “We have a solid and successful track record of having integrated 50 acquisitions over the last 20 years. Together with Oxiteno, we are creating a global company with a unique position in surfactants.” Indorama Ventures Public Company Limited, listed in Thailand, is one of the world’s leading pet...
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