IHS Chemical Week

Regions :: North Asia :: Korea

BP Sells Stake in Korean PTA Venture

1:15 PM MDT | October 17, 2007 | Chemical Week Editorial Staff

BP has agreed to sell its 47.4% stake in Samsung Petrochemical (SPC) to Samsung Corp. and Lee Bu-jin for a combined $70 million in cash. Samsung Corp., the trading arm of the Samsung Group, will purchase 14.2% of SPC and Lee, the eldest daughter of Samsung Group chairman Lee Kun-hee, will buy 33.2%, Korean press reports say. The deal will increase Samsung Corp.’s stake in SPC. Samsung Corp. currently has 47.4% of SPC and Shinsegae (Seoul) has 5.2%. SPC is a leading producer of purified terephthalic acid (PTA), operating four plants with a combined capacity...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa