PPG Industries acquired Taiwan Chlorine Industries (40% interest) for $100 million (option price reference), a transaction completed in April 2017.
Taiwan Chlorine Industries (40% interest) operates in Legacy / equity method investment, is based in Taiwan. PPG finalized its purchase of China Petrochemical Development Corporation's (CPDC) 40% ownership interest in Taiwan Chlorine Industries (TCI), a chlorine-based products venture in Taiwan; accounted for as an equity method investment.
Legacy / equity method investment
In April 2017, PPG finalized its purchase of CPDC's 40% ownership interest in TCI.PPG FY18 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.