About This Deal
PPG Industries acquired Taiwan Chlorine Industries (40% interest) for $100 million (option price reference), a transaction completed in April 2017.
Taiwan Chlorine Industries (40% interest) operates in Legacy / equity method investment, is based in Taiwan. PPG finalized its purchase of China Petrochemical Development Corporation's (CPDC) 40% ownership interest in Taiwan Chlorine Industries (TCI), a chlorine-based products venture in Taiwan; accounted for as an equity method investment.
Legacy / equity method investment
Deal Terms
Acquirer
PPG Industries
Target
Taiwan Chlorine Industries (40% interest)
Value
$100 million (option price reference)
Date
April 2017
Type
Full acquisition
Status
Ready
Transaction Details
Target HQ
Taiwan
Segment
Legacy / equity method investment
Announced
April 1, 2017
Closed
April 1, 2017
In Their Words
In April 2017, PPG finalized its purchase of CPDC's 40% ownership interest in TCI.PPG FY18 10-K, Acquisitions note
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
Press release ↗
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