Investors

Carlyle takes Greek chemicals group private

The global alternative investment firm has sealed its first deal in Greece. It acquired a majority stake in Neochimiki from the public markets, in the latest of Carlyle’s investments in the chemicals sector.

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The Carlyle Group, a global alternative investment firm, has bought 73.54 percent of the shares of Neochimiki for €19 ($29) per share through several block trades on the Athens Stock Exchange. It will launch a tender offer for the remaining shares. The share purchases value Neochimiki at €749 million.

Neochimiki: Carlyle's
first Greek deal

Carlyle bought 20 percent of the shares from Lavrentis Lavrentiadis, the former chairman, chief executive and son of the founder of Neochimiki.

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