Report: Arkema sends out teaser documents for PMMA business

摘要

Arkema has kicked of the sale of its polymethyl methacrylate (PMMA) business, which could raise about €1 billion ($1.1 billion), Bloomberg reports, citing people familiar with the matter. Arkema CEO Thierry Le Henaf announced on 2 April the potential divestment of its methyl methacrylate (MMA) and PMMA business, in line with the company’s ambition to become a world leader in specialty materials realigned around adhesive solutions, advanced materials, and coating solutions. Le Henaf said at that time the best option for MMA and PMMA would be to divest the business, which in 2019 reported combined sales of €600 million.