Mr. Rich Sumner reports
METHANEX CORPORATION RECEIVES REGULATORY APPROVAL FOR THE ACQUISITION OF OCI GLOBAL'S METHANOL BUSINESS
The regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed and, accordingly, all regulatory approvals required for Methanex Corp. to close its previously announced acquisition of OCI Global's international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing conditions.
"We are pleased to have received regulatory clearance and look forward to closing the transaction and welcoming new team members to Methanex," said Rich Sumner, president and chief executive officer of Methanex. "Given our extensive integration planning, we expect to move quickly upon closing to deliver the strategic benefits of this acquisition."
Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol MX and on the Nasdaq Stock Market in the United States under the trading symbol MEOH.
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