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How will OCI Global use the proceeds from the sale of its methanol business by December 31, 2024?
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Resolution / Starting Odds
Debt reduction • 25%
New investments • 25%
Share buybacks • 25%
Dividends to shareholders • 25%
Public announcements from OCI Global, financial news outlets
Story
Methanex Acquires OCI's Methanol Business for More Than $2 Billion
Sep 9, 2024, 02:10 AM
Methanex Corp has announced the acquisition of OCI Global's international methanol business in a definitive agreement valued at $2.05 billion. The Dutch chemicals company OCI agreed to sell its methanol business, contributing to its total sale proceeds of $11.6 billion. The deal is worth more than $2 billion.
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