Huntsman corporation (nyse:hun) completed the acquisition of remaining 50% stake in sasol-huntsman gmbh & co. kg from sasol limited (jse:sol).

Huntsman corporation (nyse:hun) signed a definitive agreement to acquire remaining 50% stake in sasol-huntsman gmbh & co. kg from sasol limited (jse:sol) for $92.5 million on july 26, 2019. the consideration is adjusted for debt and will be funded from available liquidity. the transaction is subject to regulatory approvals and customary closing conditions. the transaction is expected to close in fourth quarter of 2019. ing. urszula nartowska, michael dettmeier, falk schÖning and mathias schönhaus of hogan lovells (south africa) incorporated acted as a legal adviser to sasol limited. anselm raddatz, thorsten sauerhering, dominik engl christian vogel, marc besen, dimitri slobodenjuk and mathias elspass of clifford chance us llp acted as legal advisors to huntsman. luther rechtsanwaltsgesellschaft mbh acted as legal advisor to sasol limited (jse:sol). huntsman corporation (nyse:hun) completed the acquisition of remaining 50% stake in sasol-huntsman gmbh & co. kg from sasol limited (jse:sol) on september 30, 2019.
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