Orbia Advance Corporation, S.A.B. de C.V. (BMV:ORBIA *) has ended talks to sell its vinyl business to Apollo Global Management, Inc. (NYSE:APO) in a deal that could have fetched no less than $2 billion (1.64 billion), Bloomberg reported over the weekend. Apollo was close to clinching a deal but Orbia's controlling family terminated the negotiations, according to insiders cited by the news agency. The outcome comes against the background of the resignation of Orbia's Chief Executive Officer Daniel Martinez-Valle announced earlier in January.
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5-day change | 1st Jan Change | ||
112.7 USD | -0.92% | +4.87% | +20.96% |
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
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+20.96% | 64.04B | |
-6.04% | 113B | |
-4.14% | 87.84B | |
+4.46% | 61.27B | |
+11.34% | 43.34B | |
+8.70% | 41.12B | |
+17.72% | 34.17B | |
+3.13% | 24.84B | |
-4.09% | 22.4B | |
+4.44% | 19.32B |
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- Orbia Reportedly Scraps Talks to Shed Vinyl Business