British Billionaire Ratcliffe’s Ineos to Buy Sika Assets (1)

Ineos, the chemicals company built by British billionaire Jim Ratcliffe, has agreed to buy assets that Sika AG is selling to appease antitrust regulators.

A subsidiary of Ratcliffe’s firm will acquire MBCC Group’s admixtures business in the US, Canada and Europe including the UK, and its entire business in Australia and New Zealand, Sika said Monday confirming an earlier Bloomberg News report.

The assets generated net sales of about 920 million Swiss francs ($995 million) by the end of 2022, the statement showed, though details of the price consideration were not disclosed. The deal values the ...