Monday, April 16, 2012

Grupo Zuliano to buy additional 35% stake from Koch Industries in a Venezuelan propylene plant

Grupo Zuliano (GZL) CA will buy a 35% stake in a Venezuelan propylene plant from Koch Industries Inc. The transaction, valued at about US$35 mln, will be completed by April 30. Grupo Zuliano, a Maracaaibo-based holding company has bought this additional 35% stake in Propileno de Falcon CA (Profalca), where it previously had a 15% stake.

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