The announced acquisition of ArrMaz has a reasonable strategic rationale, but it also stresses Arkema’s gross debt. We do not expect any large issues that may prevent approval from the anti-trust authorities or affect financing. All in all, we value the announced deal as positive, despite being quite expensive.
16 May 2019
Addition to Additives
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Addition to Additives
Arkema SA (AKE:WBO) | 0 0 0.4% | Mkt Cap: 7,655m
- Published:
16 May 2019 -
Author:
Martin Schnee -
Pages:
2
The announced acquisition of ArrMaz has a reasonable strategic rationale, but it also stresses Arkema’s gross debt. We do not expect any large issues that may prevent approval from the anti-trust authorities or affect financing. All in all, we value the announced deal as positive, despite being quite expensive.