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DSM Completes Acquisition of 51% Stake in Taiwanese Firm

12:58 AM MDT | July 12, 2011 | Deepti Ramesh

DSM says it has completed the previously announced acquisition of a 51% stake in AGI Corp. (Taipei) through a subscription for newly to be issued shares combined with a public tender offer for about €41 million ($57.5 million) in total. AGI offers a range of environmentally friendly ultraviolet (UV) curable resins and other products. DSM had first announced plans to acquire the controlling stake in AGI in December 2010. AGI’s products are used in coatings and inks for wood, flooring, plastic and graphic arts applications. AGI reported net sales of...

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