PETRONAS Chemicals Group to Acquire Perstorp Group
MALMÖ, Sweden — Specialty chemicals provider Perstorp Group announced that it will be acquired by PETRONAS Chemicals Group Berhad (PCG). PCG signed a Securities Purchase Agreement on May 14, 2022, to acquire the entire equity interest in Perstorp Holding AB. The agreement was signed with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm.
The acquisition values Perstorp Group at an enterprise value of €2,300.0 million (approximately 2,434.1 million). The completion of the acquisition is subject to relevant regulatory and shareholders’ approvals.