In a bid to increase Dow's financial flexibility, improve its cash flow, and pay down its bridge loan, Dow haas planned to divest in OPTIMAL. Dow’s Union Carbide Corporation subsidiary is to sell its entire shares of ownership in the OPTIMAL Group of Companies (OPTIMAL) to PETRONAS for US$660 mln.
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Friday, July 31, 2009
Dow to hive off ownership in OPTIMAL Group to PETRONAS for US$660 mln
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