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Private Equity Firm Advent Explores Deal to Take Over Oman's OQ Chemicals [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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Most Read from Bloomberg Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses Fed to Signal Delay of Interest-Rate Cuts The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy Lilly Soars as Forecast Boost Shows Weight-Loss Drugs' Power The private equity firm is proposing to provide as much as $250 million of new equity into OQ Chemicals, according to the people, who asked not to be identified discussing confidential information. A deal would see Advent take control of OQ Chemicals while its current owner, Oman state energy company OQ SAOC, would hold the remainder, they said. OQ Chemicals has been searching for a solution after OQ recently signalled it wouldn't be providing any further funds to the business, Bloomberg News has reported. The decision threw plans to refinance the company's outstanding €475 million ($507 million) and $435 million term loans coming due this Octob
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