Nirma eyes US-based soda ash assets of FMC Corp worth $1.5 billion.

Karsanbhai Patel's is making waves once again, the home-grown detergent manufacturer is eyeing a big acquisition in the US Sources suggest that Nirma is in talks with NYSE-listed FMC Corp for buying their soda ash assets worth $1.5 bn. FMC Corp has appointed Bank of America Merrill Lynch and Goldman Sachs for the sale process, a direct source in the US said.

Sources suggest that Nirma is keen on the buyout but may have to participate in an aggressive bid process if there is enough interest from global players to buy the soda ash assets of FMC Corp.


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