Advent sells coating resins maker Allnex to Thailand's PTTGC for $4.75b

Advent sells coating resins maker Allnex to Thailand's PTTGC for $4.75b

Bangkok, Thailand. Photo by Aaron Thomas on Unsplash

Buyout group Advent has agreed to sell German coating resins maker Allnex to  Thailand’s PTT Global Chemical for around 4 billion euros ($4.75 billion), the companies said on Monday.