Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global's Methanol Business
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.
'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.'
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
www.methanex.com
.
Inquiries
Sarah Herriott
Director, Investor Relations
Methanex Corporation
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com
Forward Looking Statements
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.
More particularly and without limitation, any statements regarding the following are forward-looking statements:
We believe that we have a reasonable basis for making such forward-looking statements. The forward-looking statements in this document are based on our experience, our perception of trends, current conditions and expected future developments as well as other factors. Certain material factors or assumptions were applied in drawing the conclusions or making the forecasts or projections that are included in these forward-looking statements, including, without limitation, future expectations and assumptions concerning the following:
However, forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. The risks and uncertainties primarily include those attendant with producing and marketing methanol and successfully carrying out major capital expenditure projects in various jurisdictions, including, without limitation:
Having in mind these and other factors, investors and other readers are cautioned not to place undue reliance on forward-looking statements. They are not a substitute for the exercise of one's own due diligence and judgment. The outcomes implied by forward-looking statements may not occur and we do not undertake to update forward-looking statements except as required by applicable securities laws.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Bus Rapid Transit System Markets Report 2025-2034
The global Bus Rapid Transit (BRT) System market, valued at USD 3.7 billion in 2025, is projected to reach USD 8.7 billion by 2034, registering a 10% CAGR. Growth is driven by urbanization, demand for sustainable transit, and innovations like electric buses and smart technologies. Key regions include Latin America and Asia-Pacific, with North America and Europe adopting BRT solutions. Bus Rapid Transit System Market Dublin, June 13, 2025 (GLOBE NEWSWIRE) -- The "Bus Rapid Transit System Market 2025-2034" has been added to offering. The global Bus Rapid Transit (BRT) System market is poised for significant growth, valued at USD 3.7 billion in 2025 and anticipated to reach USD 8.7 billion by 2034, registering a CAGR of 10.0%. This robust growth underscores the increasing demand for efficient and sustainable urban transportation solutions, as urbanization and traffic congestion continue to pressurize existing transit infrastructures. The market encompasses infrastructure development, bus procurement, and system integration. Infrastructure development focuses on dedicated bus lanes and stations, while bus procurement pertains to acquiring high-capacity vehicles. System integration involves the implementation of traffic management and passenger information systems. Currently, innovation in bus design and integrated traffic management systems define market dynamics. Geographically, the market spans urban centers worldwide, with established demand particularly strong in Latin America and the Asia-Pacific region due to swift urban development. North America and Europe are also investing heavily in BRT systems to ease urban mobility challenges. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $3.7 Billion Forecasted Market Value (USD) by 2034 $8.7 Billion Compound Annual Growth Rate 9.9% Regions Covered Global Key Market Insights Electric BRT Buses: A significant shift towards environmentally friendly solutions, such as electric buses, characterizes current trends, aiming to minimize emissions. Smart BRT Systems: The integration of advanced technology for traffic management and passenger information is enhancing operational efficiency. Dedicated Bus Lanes: Expansion of these lanes is vital for enhancing speed and reliability. Integrated Ticketing Systems: Seamless travel experiences are supported by integrated ticketing systems. Government Initiatives: Investments in public transport infrastructure are pivotal, with governments playing a critical role. Market Segmentation By Type: Bi-Articulated, Traditional Bus By Seating Capacity: 50-80 Seater, Above 80 By Level Of Service: Semi-Express, Local By Fuel Type: Natural Gas, Other Fuel Types By End-Use: Private Regional Analysis North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC) The Middle East and Africa South and Central America (Brazil, Argentina, Rest of SCA) Companies Featured Mercedes-Benz Group AG Siemens AG BYD Auto Co Ltd. AB Volvo Scania AB Iveco S.p.A. Qingdao Hisense TransTech Co Ltd. Hino Motors Ltd. MAN SE Transdev Group S.A. VDL Bus & Coach BV Xiamen King Long Motor Group Co Ltd. Tata Motors Ltd. Zhengzhou Yutong Group Co Ltd. Ashok Leyland Ltd. Zhongtong Bus Holding Co Ltd. Solaris Bus & Coach sp. z o. o. NFI Group Inc. New Flyer Industries Inc. Marcopolo S.A. Gillig LLC Anhui Ankai Automobile Co Ltd. Xiamen Golden Dragon Bus Co Ltd. Optare Group Ltd. Ebusco B For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Bus Rapid Transit System Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 minutes ago
- Yahoo
Apple Tops China's Market After Massive iPhone Discounts
June 13 - Apple (NASDAQ:AAPL) led China's smartphone market in May as iPhone sales surged, driven by discounts and strong demand, according to new data from Counterpoint Research. The iPhone maker recorded its best two-month performance in the country since the start of the COVID-19 pandemic. Global iPhone sales climbed 15% year over year across April and May, supported by strength in China and the U.S., with additional growth in Japan, India, and the Middle East. Aggressive price cuts helped lift Apple's sales in China. The company reduced prices on its iPhone 16 lineup by up to 2,530 yuan (about $351), in a bid to compete with local players such as Huawei. Analysts note the discounts helped restore momentum but may not be a sustainable strategy over the longer term. Data from China's telecom regulator also showed a slight rise in foreign-brand smartphone shipments in April, signaling steady consumer interest despite rising competition. Counterpoint's Ivan Lam said iPhone shipments for the second quarter appear promising, although future performance may hinge on sustained demand in Apple's two largest markets. Based on the one year price targets offered by 41 analysts, the average target price for Apple Inc is $231.02 with a high estimate of $300.00 and a low estimate of $141.00. The average target implies a upside of +15.97% from the current price of $199.20. Based on GuruFocus estimates, the estimated GF Value for Apple Inc in one year is $209.54, suggesting a upside of +5.19% from the current price of $199.20. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
12 minutes ago
- Yahoo
Saudi Arabia's tiqmo and MoneyGram partner to power cross-border money movement
MoneyGram has teamed up with Saudi Arabia-based financial app tiqmo to enable international money transfers, according to a press release by Zawya. Through this collaboration, tiqmo users in Saudi Arabia can now access MoneyGram's global network to send funds to over 200 countries and territories. The partnership provides tiqmo customers with the ability to reach more than five billion digital endpoints and over 480,000 MoneyGram locations worldwide, the press release said. Users will have options to send and receive money in over 120 currencies. The service is expected to be particularly useful for customers sending money to countries such as India, Pakistan, Bangladesh, the Philippines, Egypt, Indonesia, and Nepal. The new service is now operational and available to all tiqmo users in Saudi Arabia. tiqmo managing director Abdulaziz Al Ajlan said: 'We believe that our partnership with MoneyGram will strengthen tiqmo's portfolio of international financial services and connect our customers with a payment brand known around the world. 'In line with Vision 2030 and the Kingdom's digital transformation objectives and in pursuit of our goal to redefine digital financial services, we are delighted to welcome MoneyGram into our world-class digital payments ecosystem for the MENA financial services and marketplace.' MoneyGram Middle East, South Asia & Asia Pacific head Ahmed Aly stated: 'This partnership reflects MoneyGram's leadership in enabling digital cross-border payments and advancing financial inclusion across the region. 'By expanding our digital network through this collaboration with tiqmo- one of the Kingdom's most innovative and fast-growing wallets- we are reinforcing our role as a key enabler of remittance innovation and supporting Saudi Arabia's Vision 2030 towards a more inclusive and digital empowered financial ecosystem.' tiqmo's services include bank account transfers, digital wallet transfers, cash pick-up, bill payments, and mobile top-ups. Since its launch in 2024, tiqmo has been serving regions across the Middle East and North Africa (MENA) and is licensed by the Saudi Central Bank. Last month, MoneyGram unveiled MoneyGram Ramps, an API that facilitates cash-to-crypto and crypto-to-cash services through a single integration. "Saudi Arabia's tiqmo and MoneyGram partner to power cross-border money movement " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
