Edition:
United Kingdom

Ashland Announces Amendment To The Purchase Agreement With Ineos Enterprises


Monday, 8 Jul 2019 

July 8 (Reuters) - Ashland Global Holdings Inc ::ASHLAND ANNOUNCES AMENDMENT TO THE PURCHASE AGREEMENT WITH INEOS ENTERPRISES FOR ITS COMPOSITES BUSINESS AND BUTANEDIOL FACILITY IN MARL, GERMANY.ASHLAND GLOBAL HOLDINGS INC - PURCHASE PRICE REMAINS UNCHANGED AT $1.1 BILLION..ASHLAND GLOBAL HOLDINGS INC - AMENDMENT INCLUDES REMOVAL OF MALEIC BUSINESS FROM SALE.ASHLAND GLOBAL HOLDINGS INC - ASHLAND WILL RETAIN FULL OWNERSHIP OF AND BE SOLELY RESPONSIBLE FOR OPERATIONS OF MALEIC BUSINESS MOVING FORWARD..ASHLAND - TO DIVEST MALEIC BUSINESS AFTER CLOSING WITH ALL PROCEEDS, LESS REASONABLE COSTS INCURRED BY ASHLAND, BEING PAID TO INEOS ENTERPRISES..