In a related development, the Employees Provident Fund (EPF) sold 25 million shares of its holdings in Petronas Chemicals on Nov 3.
PETALING JAYA: Petronas Chemicals Group Bhd
(PetChem) is making a foray into specialty chemicals by acquiring Netherlands-incorporated Da Vinci Group BV for ?163mil (about RM760.6mil).
The petrochemical group announced on Thursday that it had signed a sale and purchase agreement to buy 100% of Da Vinci from its shareholders, including, among others, funds managed by Bencis Capital Partner.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
