Arkema plans to buy China chemical companies

Note: This section contains information in English only.
Source: Marketwatch
© scanpix/AFP

French chemicals firm Arkema SA announced about purchase of two China's chemical companies for $365 million in line with acquisition plan presented in November last year. The company plans to purchase Hipro Polymers and Casda Biomaterials that most probably report about report $230 million revenues this year. The takeovers still require an agreement of China's government.

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