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Songwon India buy

4:14 PM MDT | May 26, 2014

Pharmaceutical company SeQuent Scientific (Bangalore, India) has informed the Bombay Stock Exchange (Mumbai) that it has signed an agreement with Songwon Industrial (Ulsan, South Korea), under which Songwon will acquire SeQuent’s specialty chemicals business. The acquisition includes SeQuent’s polymer stabilizer business and production site at Panoli, India, together with the local R&D team. The deal is expected to close in the third...

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