Methanex To Acquire OCI Global's International Methanol Business For $2.05 Bln
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Methanex Corp. has agreed to acquire OCI Global's international methanol business for $1.05 billion, which includes two methanol facilities in Beaumont, Texas, and a low-carbon production business. The payment consists of $0.15 billion in cash, issuance of shares, and debt assumption. Methanex plans to finance the cash through existing funds and new debt, supported by RBC. The deal is set to close in 2025 and expects $30 million in cost synergies annually.
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