October 12, 2022- Perstorp today announced that it has been acquired by PETRONAS Chemicals Group Berhad (PCG), Malaysia´s leading integrated chemicals provider and part of PETRONAS Group, on 11 October 2022.

• Ambition to preserve and grow the value of Perstorp, focusing on its growth projects 

• Giving Perstorp a position of strength 

• Continued focus on specialty solutions and sustainable transformation  

In May this year, PCG signed a Securities Purchase Agreement with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm, to acquire the entire equity interest in Perstorp, a leading sustainability-driven global specialty chemicals company based in Sweden.

With the completion of the acquisition, Perstorp is now PCG’s wholly-owned subsidiary.