25 November 2011 15:00 [Source: ICIS news]
LONDON (ICIS)--Borealis has made a firm offer to buy fertilizer producer GPN’s joint venture business PEC-Rhin, the the Austria-based polyolefins company said on Friday.
Borealis said GPN recently used its pre-emption right to obtain the remaining 50% stake from BASF.
Borealis did not disclose any financial details of the deal.
GPN is a subsidiary of Total Chemicals.
For more on Borealis visit ICIS company intelligence
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