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September 11, 2008
By: TOM BRANNA
Editor
SINGAPORE: Cognis has sold its 50% stake in Cognis Oleochemicals, a joint venture with Sime Darby Plantation Sdn Bhd, to PTT Chemical International Private Ltd., a wholly owned subsidiary of PTT Chemical Public Company Limited. The deal was valued at approximately $152 million in cash. Cognis Oleochemicals, which produces natural-based oleochemical products in production sites in Europe, North America and Asia, recorded sales of just over $1 billion, including approximately $190 million in de...
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