Baker McKenzie Thailand Successfully Represents INEOS Styrolution in Strategic Divestment

Baker McKenzie Thailand is proud to announce the successful representation of INEOS Styrolution, a global leader in styrenics manufacturing and supply, in the divestment of its entire equity interests in the acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) production site located in Map Ta Phut, Thailand. The equity interests were sold to Styrenix Group, a leading ABS and SAN producer in India, listed on the India Stock Exchange.

The transaction, which involved the disposal of INEOS’s entire equity interests in INEOS Styrolution (Thailand) Co., Ltd., was completed in January 2025.

Baker McKenzie’s team provided comprehensive support to the INEOS Group throughout the transaction. The team was led by M&A Partners Sumet Orsirivikorn and Purachate Manussiripen, with key contributions from Senior Associate Sarat Phattranonuthai who was supported by Associates Wichaya Chatsikharinthorn and Chalita Chanpradab.

Commenting on the transaction, Partner Purachate Manussiripen said:

“We are extremely pleased to have assisted INEOS Styrolution in this strategic divestment. The transaction was completed smoothly, showcasing our strong capabilities in the industrial and manufacturing M&A space.”