in this issue
World News and Views :: Top of the News
AkzoNobel to Sell PTA Business in Pakistan to Korean Firm
May 29, 2009 | Deepti Ramesh
AkzoNobel says it has agreed to divest its 75% stake in the purified terephthalic acid (PTA) activities of its Chemicals Pakistan business to petrochemical firm KP Chemical (Seoul). The business does not fit with the rest of AkzoNobel’s portfolio, the company says. Financial details of the deal were not disclosed. The transaction is expected to be completed in the fourth quarter of 2009. AkzoNobel acquired a 75% stake in Pakistan PTA Ltd., which is listed on the Karachi Stock Exchange, as part of the acquisition of ICI in 2008. AkzoNobel told CW last year...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee