Blackstone agrees $653m carve-out of Orica's chemicals business
The Blackstone Group has agreed to buy the chemicals division of Orica, an Australian supplier of explosives and blasting equipment to the mining industry, for A$750 million ($653 million).
The divestment comes after a strategic review by Orica found that the company would be best served operating solely as a mining business. It also coincides with uncertainty in global resources markets,...
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