Apollo In Talks To Buy European PVC Production Major Kem One

वैश्विक खरीद विशाल अपोलो has entered exclusive talks to buy European PVC producer Kem One.

Kem One has leading positions in both mass and suspension PVC in Europe, with its products used mainly in construction, packaging, and medical applications, and caustic soda.

Apollo partner Samuel Feinstein said, “[Company president Alain de Krassny] has built Kem One into one of Europe’s leading chlorovinyls producers.

“We are tremendously excited to build on Alain’s legacy and further grow and develop the business, whether it is through the planned conversion of the Fos plant to enhance cost and energy efficiencies or the many avenues we see for inorganic growth.”

In other recent deals, Apollo announced a $5bn acquisition of Yahoo last week and agreed to back part of the incumbent local exchange carrier business of Lumen Technologies for $7.5bn last month, including debt assumption of approximately $1.4bn.

फर्म है कहा जाता है कि एसपीएसी में निवेश को लक्षित करते हुए $500 मिलियन का फंड जुटाया जा रहा है.

Earlier this month the firm agreed to acquire up to 50% of Australasian commercial real estate financier and fund manager MaxCap Group to help it extend its reach in the sector into Australasia.