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...Shares in other German industry groups including Covestro AG, Evonik Industries and BASF rose between 3 and 5 per cent....
...Although, its share price had outrun peers such as BASF and EMS Chemie in the past six months. Some of that excitement is because of Clariant’s push into biofuels....
...Wacker Chemie holds about 30 per cent of Siltronic and has already committed to the tender. Siltronic shareholders could, and should, do better. But GlobalWafers investors are more likely to prosper....
...AG owning 13.96% stake....
...Tüv Süd, the former owner, will hold on to the remaining shares....
This is a dispute for independent directors to settle
...• Saurabh Sud has moved to T Rowe Price, the $991bn Baltimore-based investment manager, as a fixed income portfolio manager. Mr Sud was previously at Pimco....
...$16.66 a kilogramme — above the break-even point of $14-$15 for South Korean producers — buoyed by the closure of some Chinese plants for maintenance and an explosion at German chemical company Wacker Chemie...
...In the biggest of the current transactions, Hapag-Lloyd is acquiring the container shipping operations of UASC, while Maersk Line is buying Hamburg Süd....
...Last December, it merged with Compañia Sud Americana de Vapores, a Chilean shipper....
...Still, even if Glencore exits it could still be run by the other partner Société Minière du Sud Pacifique, a subsidiary of the northern province’s financing arm, say analysts....
...Wacker Chemie is exposed to both in roughly equal measure. But not for much longer....
...Germany’s Hapag-Lloyd and Hamburg Süd have both merged with South American lines. China’s government has moved to combine Cosco and China Shipping....
...Clariant has been a frequent acquirer of assets, including Chemie, the German speciality chemicals company, in 2011, and US colourant suppliers Rite Systems and Ricon Colors in 2008....
...für Chemische Unternehmungen AG) incorporated in Basel in 1928 under the control of the giant German chemical company IG Farben....
...The deal announced by Germany’s Wacker Chemie AG and China’s ministry of commerce sets a minimum price for European-produced polysilicon that Beijing had accused European producers of dumping on the Chinese...
...Their fears were echoed by Dieter Seng, the president director of Sud-Chemie, an Indonesia-based producer of bentonite, a derivative of clay that is used to colour edible oils, which was acquired by Clariant...
...Hapag-Lloyd this year held merger talks with Hamburg Süd, Germany’s second-largest container line, but the discussions broke down....
...Four years ago, in the midst of Europe’s solar energy boom, Wacker Chemie opened a new polysilicon factory in its sprawling chemicals facility in the small Bavarian town of Burghausen....
...Although Hamburg Süd is smaller than Hapag-Lloyd in capacity terms, it does not have the larger group’s big debt burden....
...“For Clariant the transaction marks a significant milestone in the execution of its profitable growth strategy, after the acquisition of Süd-Chemie in 2011,” he said, adding that by the end of 2013, Clariant...
...Hamburg Süd main focus is the European to Latin America market, the smallest of the global trade routes....
...Shares in Clariant, the Swiss speciality chemicals group that bought Süd Chemie of Germany for €2bn ($2.8bn) this year, fell 16 per cent after the company warned about profits....
...France’s Arkema, Ems-Chemie of Switzerland and Japan’s Ube Industries are its major competitors....
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