Methanex, Mitsui O.S.K. Lines outline commercial terms for strategic partnership

  • Methanex (NASDAQ:MEOH) and Mitsui O.S.K. Lines (OTC:MSLOF) have concluded Key Commercial Terms for the purchase and sale of an equity position in, and the establishment of a strategic partnership involving, Methanex's Waterfront Shipping (WFS) subsidiary.
  • MOL will acquire a 40% minority interest in WFS for $145M. Methanex will retain the remaining 60% majority interest and continue to operate WFS as a key element of its global supply chain capabilities.
  • There will be no change to Waterfront Shipping's day-to-day operations due to this transaction, and Paul Hexter will remain President.
  • The agreement is expected to close by year end and is subject to formal approval by MOL's Board of Directors.
  • The transaction will enable Methanex and WFS to benefit from MOL's broad shipping experience to further strengthen its shipping operations and capabilities.

    For this year Methanex Corp 's (located in Vancouver) revenue will be around 3.85 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 2.65 billion USD.

    Historical revenues and results Methanex Corp plus estimates 2021

    koersgrafieken

    The analysts expect for 2021 a net profit of 325 million USD. According to most of the analysts the company will have a profit per share for this book year of 4.15 USD. The price-earnings-ratio equals 8.11.

    Analysts expect a dividend of 34 cents per share. Methanex Corp 's dividend yield thus equals 1.01 percent. The average dividend yield of the chemical companies equals a relatively high 1.59 percent.

    Based on the current number of outstanding shares Methanex Corp 's market capitalization 2.56 billion USD. 83

    Historical stock prices Methanex Corp from 2007 till 2021

    stock price methanexcorp

    On Friday the stock closed at 33.66 USD.

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