Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global's Methanol Business

About this update from Methanex Corporation

[{"type":"text","content":"Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global’s Methanol Business\n\n\n\n VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed. Accordingly, all regulatory approvals required for Methanex to close its previously announced acquisition of OCI Global’s international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing conditions.\n \n\n \"We are pleased to have received regulatory clearance and look forward to closing the transaction and welcoming new team members to Methanex.\" said Rich Sumner, President and CEO of Methanex. \"Given our extensive integration planning, we expect to move quickly upon closing to deliver the strategic benefits of this acquisition.\"\n \n\n Methanex is a Vancouver-based, publicly traded company and is the world’s largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol “MX” and on the Nasdaq Stock Market in the United States under the trading symbol “MEOH”. Methanex can be visited online at\n \n www.methanex.com\n \n .\n \n\n\n Inquiries\n \n\n Sarah Herriott\n \n Director, Investor Relations\n \n Methanex Corporation\n \n 604-661-2600 or Toll Free: 1-800-661-8851\n \n\n www.methanex.com\n \n\n\n\n Forward Looking Statements\n \n\n\n This First Quarter 2025 Management’s Discussion and Analysis (\"MD&A\") as well as comments made during the First Quarter 2025 investor conference call contain forward-looking statements with respect to us and our industry. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the word \"expects,\" or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements.\n \n\n More particularly and without limitation, any statements regarding the following are forward-looking statements:\n \n\n\n anticipated closing date of the OCI acquisiti...

More updates from Methanex Corporation