Fri, Sep. 19, 4:31 AM
- Arkema (OTC:ARKAF) has made a €1.7B ($2.2B) offer for Total's (NYSE:TOT) adhesives business Bostik, which follows last week's reports that the French oil major was looking to sell the business. Arkema itself was spun out of Total in 2006.
- In recent years Total has announced its plans to sell between $15B-$20B of non-oil-producing assets and others with falling profitability by 2015, as part of a program to improve its cash flow and profitability.
Nov. 25, 2013, 4:31 AM
- A number of international companies could benefit from the easing of sanctions on Iran, including in the areas of cars, petrochemicals, aviation parts, gold, and insurance for oil cargoes.
- Peugeot Citroen and Renault are particularly pleased, while Bayer (BAYZF), synthetic rubber supplier Lanxess (LNXSF), France's Arkema (ARKAF), and Belgium's Solvay (SVYSF) could also benefit.
- However, because the EU's oil embargo will remain in place, major oil providers such as Total (TOT), Eni (E) and Statoil (STO) won't enjoy an immediate boon.
- American companies don't stand to profit either, due to a decades-old ban on trade between the U.S. and Iran.
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ARKAF vs. ETF Alternatives
Arkema has an aligned portfolio of businesses built around three core activities: Vinyl Products, Industrial Chemicals and Performance Products, comprising 14 business units. Each business unit is a profit center, responsible for industrial management, research, marketing and customer... More
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