in this issue
Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Battle looms for control of Mangalore Chemicals & Fertilizers?
7:48 AM MDT | April 24, 2014 | Natasha Alperowicz
Deepak Fertilisers and Petrochemicals (Pune, India), which now holds a 25.3% stake in Mangalore Chemicals and Fertilizers (MCFL; Mangalore, India), is making an open offer to shareholders to acquire a majority share. In a hostile move, SCM Soilfert, a wholly owned subsidiary of Deepak, is offering to buy an additional 26% stake in the publicly quoted MCFL for 1.9 billion Indian rupee ($31.1 million). In response, Zuari Agro Chemicals, a 16.43% shareholder in MCFL, said it is also interested in acquiring a majority stake in the company and is considering all its...
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