Reported Sunday, Methanex To Acquire OCI Global's Methanol Business For $2.05B, Expanding North American Operations
Portfolio Pulse from Benzinga Newsdesk
Methanex is set to acquire OCI Global's methanol business for $2.05 billion, enhancing its North American operations. The acquisition aligns with Methanex's strategic goals and is expected to boost free cash flow per share immediately. OCI will retain a 13% ownership stake post-acquisition.
September 09, 2024 | 6:53 am
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Methanex is acquiring OCI Global's methanol business for $2.05 billion, which will expand its North American operations and is expected to be immediately accretive to free cash flow per share.
The acquisition of OCI Global's methanol business is a strategic move for Methanex, aligning with its priorities and expected to enhance its financial performance. The immediate accretion to free cash flow per share is a positive indicator for investors.
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