Bayer MaterialScience buys 10% stake in China-based PC manufacturer

20-Apr-09
Bayer MaterialScience AG has acquired a 10% stake in Bayer Polymers (Shanghai) Co. Ltd. from Shanghai Chlor-Alkali Chemical Co., Ltd. The German major has acquired a stake in the China-based polycarbonate manufacturer for CNY230 mln (US$33.71 mln). Shanghai Chlor-Alkali Chemical is a manufacturer and seller of chemical products.
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