WANHUA SPENDS ?1230 M TO TAKE FULL CONTROL OF BORSODCHEM

摘要

Budapest - Chinese isocyanates producer Wanhua Industrial Group has moved closer to its goal of being a global player in polyurethanes, by taking full control of the Hungarian isocyanates producer BorsodChem Zrt. The deal is valued at ?1230 million ($1693 million) for 96 percent of BorsodChem's shares, Wanhua chief executive officer Jiansheng Ding revealed, in a 1 Feb telephone interview from Budapest, after a press conference to announce the deal.