Edition:
United States

Kemira forms joint venture with fatty acid chloride producer in China


Friday, 29 Sep 2017 07:00am EDT 

Sept 29 (Reuters) - KEMIRA OYJ :REG-KEMIRA FORMS JOINT VENTURE WITH FATTY ACID CHLORIDE PRODUCER IN CHINA.‍KEMIRA HAS SIGNED AN AGREEMENT TO FORM A JOINT VENTURE - KEMIRA TC WANFENG CHEMICALS YANZHOU ("NEWCO")​.‍DEAL IS SUBJECT TO CERTAIN CLOSING CONDITIONS AND IS EXPECTED TO CLOSE IN FIRST HALF OF 2018​.KEMIRA WILL HAVE 80% AND TIANCHENG 20% OF NEWCO.VALUE OF INVESTMENT FOR 80% SHARE IS AROUND EUR 55 MILLION AND KEMIRA WILL HAVE AN OPTION TO ACQUIRE TIANCHENG'S 20% IN COMING YEARS WITH PRE-DEFINED CONDITIONS. 

Company Quote

11.25
-0.07 -0.62%
15 Dec 2017