FRANKFURT, Germany/MUSCAT, Oman – Private equity firm Advent International has sold Oxea, a global manufacturer of oxo chemicals, to Oman Oil Co. (OOC), a commercial company wholly owned by the government of the Sultanate of Oman. The acquisition is subject to antitrust approvals and certain additional conditions.
With the acquisition of Oxea, OOC aims to become a vertically integrated global chemical leader in the downstream industry.