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News Corp Completes Acquisition Of Base Chemicals

Jun 01, 2022over 3 years ago

Acquiring Company

Nayara Energy

Acquired Company

Base Chemicals

MumbaiOil And GasEnergy

Description

News Corp announced that it has completed the acquisition of the Base Chemicals business from S&P Global Market Intelligence.

Company Information

Company

Nayara Energy

Location

Mumbai, Maharashtra, India

About

Nayara Energy is an international energy company with a strong presence in the hydrocarbon value chain ranging from refining to production and marketing to retail. Our strong team of 3500+ passionate individuals is driven to perform at every step of the way to deliver tomorrow’s potential today. Nayara Energy has also created a powerful and vast network to deliver quality oil and petroleum products to customers across the country with a strong retail business unit that not only provides for but also empowers the nation.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed