Home > M&A deals 2009 > Occidental Petroleum Corp. acquires Phibro LLC
Divestiture · Financial Services · October 2009

Occidental Petroleum Corp. acquires Phibro LLC

On October 9, 2009, Occidental Petroleum Corp. acquired Phibro LLC, a financial services company in Connecticut, United States, from Citigroup, Inc.

Deal at a glance

AnnouncedOctober 9, 2009 TypeDivestiture TargetPhibro LLC Buyer Occidental Petroleum Corp. Seller Citigroup, Inc. SectorFinancial Services LocationConnecticut, United States ValueMembers only

Target company

Phibro LLC
Connecticut, United States
Financial Servicessector
-founded
Activestatus
View the company profile →

Buyer

Occidental Petroleum Corp.
Company · 10 deals on record
  • 1st transaction in financial services
  • 5th transaction in United States
10deals, all time
1in this sector
2019latest

Seller

Citigroup, Inc.
Company · 32 deals on record
32investments
15in this sector
20exits

Members only

Contact details at the buyers and sellers
The full deal history of every party
Co-investors and the other advisors on this deal
Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired Phibro LLC?Occidental Petroleum Corp. acquired Phibro LLC on October 9, 2009.

Who sold Phibro LLC?Citigroup, Inc. was the seller.

What type of deal was it?It was a divestiture in the financial services sector in 2009.

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