PI Advanced Materials Co Ltd (XKRX:178920)
â‚© 15740 -430 (-2.66%) Market Cap: 462.23 Bil Enterprise Value: 529.67 Bil PE Ratio: 22.51 PB Ratio: 1.42 GF Score: 84/100

Arkema SA To Discuss Proposed Acquisition of PI Advanced Materials Transcript

Jun 28, 2023 / 08:00AM GMT
Release Date Price: â‚©37700 (-2.58%)
Thierry Le Henaff
Arkema S.A. - Chairman & CEO

Good morning, everyone. Thank you for joining us on this call at such a short notice. I am here together with Marie-Jose Donsion, our CFO, you know well; as well as Marc Schuller, (inaudible) representing the business. Also with us is our team. You will find a set of slides on our website, which you can download and use as a reference.

As you know, we have organized this conference call as we announced this morning a project to acquire 54% controlling stake in PI Advanced Materials, PIAM. I'm very excited to announce this transaction as it is a company that we had looked at in the past and I have followed closely for some time, and the timing is now perfect to seize this fantastic one-off opportunity to broaden and strengthen our high-performance polymer range.

As you know, Arkema's growth strategy is based on high value and innovative materials serving bigger trends around these 3 pillars of Adhesives, Coatings and Advanced Materials. In Advanced Materials, we have significantly strengthened our profitability over time, our geographic

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