Evonik Industries AG : Acquires Silica business of J.M. Huber for $630 million . Transaction is scheduled to be completed in second half of 2017 . Financing has been secured through evonik's own funds and committed credit facilities . This enables Evonik to expand its position in North America and Asia in this profitable and resilient business . For 2016 financial year, Huber Silica is expected to achieve sales of close to $300 million and an EBITDA of $60 million . Acquisition is likely to have a positive impact on Evonik's adjusted earnings per share as early as first full financial year . Through ideal complementarity of two business areas, Evonik expects to generate synergies of $20 million .Expect to have all synergy measures implemented by 2021.
Zhejiang Jiangshan Chemical Co Ltd <002061.SZ> :Says it signs framework agreement to acquire stakes in Zhejiang Communications Construction Group Co.
Nikkei: Mitsubishi Chemical and Ube Industries will merge chinese electrolyte operations next April - Nikkei .Mitsubishi Chemical and Ube Industries will consider similar mergers in the U.S. And Europe later - Nikkei.