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News Corp To Acquire Base Chemicals

Dec 27, 2021•almost 4 years ago

Acquiring Company

Nayara Energy

Acquired Company

Base Chemicals

MumbaiOil And GasEnergy

Description

News Corp announced today that it has entered into an agreement to acquire the Base Chemicals business from S&P Global and IHS Markit.

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