Key Developments: Arkema SA (AKE.PA)

AKE.PA on Paris Stock Exchange

3 Jun 2015
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Latest Key Developments (Source: Significant Developments)

Arkema SA announces capital increase with preferential subscription rights
Tuesday, 18 Nov 2014 07:00pm EST 

Arkema SA:Decides to proceed to a capital increase through the issue of new shares with preferential subscription rights of the shareholders.Says the maximum number of shares to be issued is 9,102,624 new shares.Says the issue price is 38.5 euros per share.Says the subscription ratio is 1 new share for 7 rights.Says the subscription period is from Nov. 20 to Dec. 3.Says the centralizing agent is BNP PARISBAS Securities Services (030).  Full Article

Arkema SA confirms FY 2014, 2017 and long-term EBITDA targets
Friday, 14 Nov 2014 01:00am EST 

Arkema SA:Confirms FY 2014 target of an EBITDA close to 800 million euros.Says it also confirms FY 2017 target, adjusted in Sept. 2014 to take account of the project to acquire Bostik, to achieve 1.310 billion euro EBITDA, as well as its long-term targets.  Full Article

Arkema SA announces closing of First Stage of Acrylic assets acquisition in china
Tuesday, 21 Oct 2014 02:37am EDT 

Arkema SA:Says that it has finalized the first stage of its acrylics assets acquisition project in Taixing, China.Says now it has access to a modern and competitive 160,000 t/year acrylic acid production capacity in Asia for the sum of $240 million.Says this investment will enable the Group to serve its customers in China and in Asia in growing markets such as superabsorbents, paints, adhesives and water treatment.  Full Article

Arkema partners with CEA and Arjowiggins Creative Papers on printed electronics initiative
Monday, 20 Oct 2014 05:20am EDT 

Arkema SA:Arkema, public research body CEA and Arjowiggins Creative Papers set up initiative in the field of printed electronics.Open Innovation for Sensors and Actuators initiative aims to offer ecosystem to demonstrate new applications and develop new products in printed electronics.  Full Article

Moody's changes outlook on Arkema SA's Baa2 ratings to negative from stable -Reuters
Tuesday, 23 Sep 2014 07:48am EDT 

Arkema SA:Moody's changes outlook on Arkema's Baa2 ratings to negative from stable-Reuters.  Full Article

Total SA receives offer from Arkema to acquire its Bostik affiliate
Friday, 19 Sep 2014 02:58am EDT 

Total SA:Receives an offer from the French group Arkema, one to acquire its Bostik affiliate, a global adhesives company.Says Arkema's offer values Bostik (wholly owned by Total) at 1.74 billion euros (around $2.25 billion).  Full Article

Arkema raises FY 2017 EBITDA target following offer for Bostik
Friday, 19 Sep 2014 02:45am EDT 

Arkema SA:Taking into account proposed acquisition of Bostik from Total and its contemplated divestment program, the Group raises its FY 2017 EBITDA target to 1.31 billion euros.Acquisition of Bostik would entail increasing the divestment program of non-core activities representing some 500 million euros additional sales.  Full Article

Arkema plans closure of fluorogas productions at Spanish site
Tuesday, 9 Sep 2014 08:38am EDT 

Arkema SA:Announces project for closure of fluorogas production at its Spanish site in Zaramillo.Project to entail loss of 59 jobs.  Full Article

Arkema SA enters into agreement for supply of propylene with Enterprise Products Partners L.P
Friday, 1 Aug 2014 02:30am EDT 

Arkema SA:As part of its procurement policy for strategic raw materials, Arkema (AKE) has reached an agreement for supply of propylene with Enterprise Products Partners L.P.Taking advantage of the development of shale gas in the United States, this contract secures a long-term supply (more than 10 years) of propylene produced by propane dehydrogenation (PDH) and will strengthen competitiveness of the Coating Solutions segment.This contract will account for part of Arkema's propylene feedstock in United States.Propylene is a key raw material for Acrylics, a sector for Arkema, and where the Group is a key player in United States and the world`s third largest player.Enterprise Products received the necessary permits for this project in May, 2014 and construction of the plant has now started.PDH plant is due to be completed in first half of 2016.This agreement is fully consistent with Arkema`s growth strategy to continue its expansion in the United States.  Full Article

Arkema comments on FY 2014 and mid term financial guidance
Friday, 1 Aug 2014 01:00am EDT 

Arkema SA:Sees FY 2014 EBITDA close to 800 mln euros.Sees 8 bln euro sales and 16 pct EBITDA margin in FY 2017.Says it had initially set targets of 8 bln euro sales and 16 pct EBITDA margin for FY 2016.  Full Article

BRIEF-Arkema expands its specialty polymer production capacities in France and U.S.

* Expands its specialty polymer (PEKK) production capacities in France and the United States

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