Israel's largest oil refiner - Oil Refineries Ltd. (ORL)'s wholly owned foreign subsidiary Carmel Olefins Ltd. has agreed to acquire 49% of the outstanding share capital of Domo Polypropylene BV. Carmel Olefins is a private company in which ORL holds 50% stake. Completion of the transaction is subject to the approval of the relevant anti-trust authorities as well as the receipt of an environmental report with respect to the condition of the ground on which the Domo plant is situated.
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http://plastemart.com/plasticnews_desc.asp?news_id=11574&P=P
Thursday, January 24, 2008
Oil Refineries Subsidiary Carmel Olefins acquires 49% of Netherland-Based D...
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