The chemical industry is a busy M&A marketplace. The coronavirus (COVID-19) pandemic shock was followed by a catch-up effect that continues to this day. Russian aggression against Ukraine has led to even more activity. Gas is one of the most essential commodities to the sector; cost increases and potential shortages are serious issues and need to be dealt with immediately. It cannot be denied that the industry has been hit by events since 24 February: companies are undergoing a massive transition process, rendering them more vulnerable to external effects.

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