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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

Total's GPN Subsidiary Signs Deal to Buy BASF out of Fertilizer JV

6:01 AM MST | January 20, 2012 | Ian Young

GPN, the fertilizer subsidiary of Total, has signed a contract to acquire BASF's 50% stake in the companies' PEC-Rhin fertilizer joint venture. GPN is exercising its pre-emption rights to buy the BASF stake, and becomes sole owner of PEC-Rhin. The transaction...

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