Update: Korean consortium acquiring Momentive

Seoul – A consortium of Korean companies, led by leading Korean construction materials company KCC Corp. has signed a deal to buy US-based silicones and speciality materials supplier MPM Holdings Inc., also known as Momentive Performance Materials.

In a joint statement 13 Sept, the investor group said it is acquiring Momentive in a transaction valued at approximately $3.1 billion (€2.65 billion), including the assumption of net debt, pension and OPEB liabilities.

Other consortium members include Seoul-based private equity company SJL Partners LLC and Wonik QnC Corp., manufacturer of…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with