By Frank Siebelt and Ludwig Burger
FRANKFURT, Oct 10 (Reuters) - The Oman Oil Company agreed tobuy German chemicals maker Oxea from buyout firm AdventInternational to expand into downstream activities in a deal aperson familiar with the matter said was worth about 1.8 billioneuros ($2.4 billion).
Oxea, a maker of ingredients for coatings, fuel additives,lubricants and cosmetics, will help to diversify Oman's industryand trade and reduce the Sultanate's reliance on crude oil, thebuyer and seller said in a joint statement on Thursday.
The companies declined to comment on the purchase price.
Advent forged Oxea, which posted sales of 1.5 billion eurosin 2012, from businesses it acquired in 2007 from Celanese and Degussa, now called Evonik.
Oman Oil Company worked with HSBC on the deal whileAdvent had no bank advisor, another source familiar with thetransaction said.