| Parties reach agreement: BorsodChem to be acquired by the Chinese |
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| After several months of bargaining, media bickering and other delicate manoeuvring, Wanhua Industrial Group and the Permira-VCP duo agreed on the future of Hungarian chemical company BorsodChem. |
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| 26.02.2010 |
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| China's Wanhua to Provide EUR140M to Hungary’s BorsodChem |
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BUDAPEST (Dow Jones)--Chinese isocyanate producer Wanhua Industrial agreed Thursday with U.K. private equity company Permira and VCP Capital Partners, the owners of Hungarian isocyanate producer BorsodChem Zrt. (BCHEM.HU), that Wanhua will provide EUR140 million to BorsodChem in exchange for a call option to buy Permira's and VCP's entire stake in BorsodChem.
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| 25.02.2010 |
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