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Samex SA & Orica Ltd	Update Date: 11/27/08
Date Announced: 08/14/08
Value (million $USD): 58.2 million U.S. Dollar 166.3 million Peruvian Sol

Status: Pending

TRANSACTION DETAILS
Date Announced	08/14/08
Date Originally Announced	08/14/08
Format	Merger	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	n/a
Value	58.2 million U.S. Dollar 166.3 million Peruvian Sol	Advisor Fees	n/a

SYNOPSIS
PERU - Orica Ltd planned to raise its interest to 99% from 50.4%, by acquiring a 48.6% stake in Samex SA, a manufacturer of industrial explosives, from its joint venture partner Enaex SA, for 166.283 mil Peruvian sol ($58.2 mil US).

TARGET
Name	Samex SA
Industries	n/a
City	n/a
State	n/a
Nation	Peru
Incorporated in	n/a
Public Status	Joint Venture
Business Description	Samex SA manufactures industrial explosives.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Orica Ltd (Australia : ORI)
Industries	Metal mining services; Chemicals and allied products, nec; Alkalies and chlorine; Chemical and fertilizer mineral mining, nec; Nitrogenous fertilizers; Phosphatic fertilizers; Paints, varnishes, lacquers, & allied products
City	Melbourne, Victoria
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Public
Business Description	Orica Ltd, headquartered in Melbourne, Victoria, is a manufacturer and wholesaler of commercial explosives, as well as industrial and specialty chemicals including chlorine, adhesives, resins, plastic, and paint products. It also produces agricultural chemicals and fertilizers such as nitrogen and phosphate. It has significant operations in Australia, New Zealand, South East Asia, North and Latin America, with brands such as Dulux, Berger, British Paints, Levene, Walpamur, Cabot's, Feast Watson, Intergrain, Acratex, Shelleys, and others distributed internationally. The explosives specialist was established in December 1998.
Advisors	NULL
Acquiror Sales	4.91 billion U.S. Dollar 5.53 billion Australian Dollar

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