Issue Date: February 15, 2016
AkzoNobel says it is in talks to acquire BASF’s industrial coatings business, which has about $250 million in annual sales. BASF put the business up for sale in November, according to industry reports. They say the business could fetch more than $500 million.
Mitsui & Co. will invest an additional $25 million in BioAmber Sarnia, its biobased succinic acid manufacturing venture with BioAmber. The deal increases the Japanese firm’s stake to 40% from 30% and . . .
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