Venezuelan group acquires Koch Industries share - sportstextiles: Lea SportsTextiles

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Venezuelan group acquires Koch Industries share of propylene plant

17/04/2012
A Venezuelan chemicals and plastics company, Grupo Zuliano, is reported to have agreed a deal to buy an additional 35% stake in a propylene plant.

Bloomberg said Zuliano already had a 15% stake in the propylene operation, Profalca. The new purchase, from Kock Industries, takes its share to 50%, with state-owned Pequiven owning the other 50%.

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