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Methanex Corporation Completes Acquisition of OCI Global's Methanol Business
GlobeNewswire News Room· 2025-06-27 14:36
Core Points - Methanex Corporation has completed the acquisition of OCI Global's international methanol business, which was first announced in September 2024 [1][2] - The acquisition includes two world-scale methanol facilities in Beaumont, Texas, a low-carbon methanol production and marketing business, and an idled methanol facility in the Netherlands [2] - The total transaction consideration is approximately $1.2 billion in cash, the issuance of about 9.9 million common shares, and the assumption of around $450 million in debt and leases [2] Company Overview - Methanex is the world's largest producer and supplier of methanol, based in Vancouver, Canada, and is publicly traded on the Toronto Stock Exchange and Nasdaq [4] - The company aims to ensure a smooth integration of the acquired business, maintain safe operations, and deliver strategic benefits from the acquisition [3]
Methanex Corporation Completes Acquisition of OCI Global’s Methanol Business
Globenewswire· 2025-06-27 14:36
Core Points - Methanex Corporation has completed the acquisition of OCI Global's international methanol business, which was first announced in September 2024 [1][2] - The acquisition includes two world-scale methanol facilities in Beaumont, Texas, a low-carbon methanol production and marketing business, and an idled methanol facility in the Netherlands [2] - The total transaction consideration is approximately $1.2 billion in cash, the issuance of about 9.9 million common shares, and the assumption of around $450 million in debt and leases [2] Company Overview - Methanex is the world's largest producer and supplier of methanol, based in Vancouver, Canada, and is publicly traded on the Toronto Stock Exchange and Nasdaq [4] - The company aims to ensure a smooth integration of the acquired business, maintain safe operations, and deliver strategic benefits from the acquisition [3]
Methanex Gets Green Light for OCI Global's Methanol Business Buyout
ZACKS· 2025-06-18 13:41
Core Insights - Methanex Corporation (MEOH) has secured all regulatory approvals for its acquisition of OCI Global's international methanol business, with the transaction expected to close on June 27, 2025 [1][8] - The acquisition involves purchasing 100% of OCI Methanol, including all of OCI's U.S. and European methanol assets, and Methanex plans to quickly pursue integration post-closing to realize strategic benefits [2][8] - Methanex's shares have declined by 25.1% over the past year, closely mirroring the 25.2% decline of the industry [2] Production and Financial Outlook - The company anticipates lower production in 2025 than the previously estimated 7.5 million tons due to an unplanned G3 outage, with updates on production guidance expected in the second-quarter results [3] - Adjusted EBITDA for the second quarter is expected to be lower than in the first quarter, primarily due to reduced sales from the G3 outage and a lower average realized price, projected to be between $360 and $370 per ton for April and May [4]
Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global’s Methanol Business
Globenewswire· 2025-06-12 12:00
Core Viewpoint - Methanex Corporation has received all necessary regulatory approvals to proceed with the acquisition of OCI Global's international methanol business, with the transaction expected to close on June 27, 2025 [1][2]. Group 1: Acquisition Details - The regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed, allowing Methanex to finalize the acquisition [1]. - The acquisition is anticipated to close on June 27, 2025, pending customary closing conditions [1]. - Methanex's President and CEO, Rich Sumner, expressed optimism about the integration planning and the strategic benefits expected from the acquisition [2]. Group 2: Company Overview - Methanex is the world's largest producer and supplier of methanol, headquartered in Vancouver, Canada [2]. - The company's shares are traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [2].
Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global's Methanol Business
GlobeNewswire News Room· 2025-06-12 12:00
Core Viewpoint - Methanex Corporation has received all necessary regulatory approvals to proceed with the acquisition of OCI Global's international methanol business, with the transaction expected to close on June 27, 2025 [1][2]. Group 1: Acquisition Details - The regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed, allowing Methanex to finalize the acquisition [1]. - The acquisition is anticipated to close on June 27, 2025, pending customary closing conditions [1]. - Methanex's President and CEO, Rich Sumner, expressed optimism about the integration planning and the strategic benefits expected from the acquisition [2]. Group 2: Company Overview - Methanex is the world's largest producer and supplier of methanol, headquartered in Vancouver, Canada [2]. - The company's shares are traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [2].