IHS Chemical Week

PTT Global Chemical raises stake in Vencorex PU JV with Perstorp

12:43 PM MDT | August 29, 2014

PTT Global Chemical (PTTGC; Bangkok) has confirmed CW’ s exclusive report that it is raising the stake in Vencorex, its polyurethanes (PU) joint venture with Perstorp (Perstorp, Sweden). PTTGC announced today that one of its wholly owned subsidiaries in the Netherlands has purchased 34% of the capital in Vencorex Holding from Perstorp Holding. The acquisition raises PTTGC’s stake in Vencorex from 51% to 85%. Perstorp Holding will continue to own 15% in Vencorex. PTTGC’s Dutch subsidiary made the initial payment for the stake. The rest of the price will...

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