Apollo Global to acquire Univar in $8.1 bln deal - WSJ (updated)

Univar Solutions

14/03/2023 11:42

(Adds shares, background)
       March 14 (Reuters) - Apollo Global Management  APO.N  to
buy specialty chemical distributor Univar Solutions Inc  UNVR.N 
in a deal valued at $8.1 billion including debt, the Wall Street
Journal reported on Tuesday, citing people familiar with the
matter.
    Shares of Univar rose nearly 14% to $35.40 in premarket
trading.
        Last year, U.S. hedge fund Engine Capital 
    urged
     Univar Solutions to consider a sale or other strategic
options. In January German chemicals distributor Brenntag
 BNRGn.DE  
    ended
     takeover talks with Univar.
  
    Univar and Apollo did not immediately respond to a Reuters
request for comment. 

 (Reporting by Sourasis Bose in Bengaluru; Editing by Shinjini
Ganguli)
 ((Sourasis.Bose@thomsonreuters.com;))