Methanex Corporation announced its acquisition of OCI’s methanol business on Monday. The deal, worth $2.05 billion, will boost Methanex’s global production capacity by at least 20%. The acquisition will be financed through cash and additional debt, and is expected to immediately increase Methanex’s cash flow. The integration of OCI’s methanol business will strengthen Methanex’s position in the global market and enhance its production capabilities significantly. Methanex experienced positive analyst reviews from Scotiabank and RBC Capital, with projections of increased shareholder value and cash flow. Methanex also temporarily shut down its Egypt methanol production facility due to reduced gas supply, but plans to resume operations soon. InvestingPro data suggests a positive outlook for Methanex post-acquisition, with increased earnings and steady dividends for income-focused investors.
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