People familiar with the matter revealed that Chinese pigment producers Global New Materials International Holdings Co., Ltd. is discussing the possibility of acquiring the pigment business under the German Merck Group.
Bloomberg Society on Thursday (June 22) quoted anonymous insiders reports that Global New Material International, which is listed on Hong Kong and sells pigments with seven -color pearls, has issued a binding acquisition and offering on Merck subsidiary.Discussion.Global New Materials International is to discuss financing options for potential acquisitions.
People familiar with the matter said that the above transactions have a valuation of the Merck Pig Plasma Company may be close to 1 billion euros (about S $ 1.5 billion).
Merck's stock price climbed 4.1%on Thursday, the largest single -day increase in more than five months.
A person familiar with the matter revealed that the negotiations between Global New Materials International and Merck are still ongoing, and the two parties are not sure that they will reach an agreement.There are also other bidders who are also interested in the pigment business of Merck Group.
The Merck spokesman will not comment when they are questioned.No one answered the phone call from the Global New Materials International Office, nor did it immediately respond to the request of the Bloomberg Email.
Global New Materials International agreed to invest 85.9 billion won (about 89 million yuan) to acquire about 42%of Korean pigment production and listed companies.Global New Materials International said in March that they will continue to carry out international acquisition plans to enhance competitiveness.
It is reported that the group of China Home Appliances Giant Midea also expressed intention to acquire all Swedish home appliance manufacturers Electrolux, but because it cannot meet all the requirements put forward by Elex and its largest shareholder Investor AB, butGive up this acquisition plan.
