Thursday, November 22, 2007

Marubeni divests stake in JG Summit

In line with Marubeni's select and concentrate policy for its petrochemical and chemical operations, Japan's Marubeni Corp. has divested its 17.72% stake in JG Summit Petrochemical to the latter's parent firm JG Summit Holdings. JG Summit Petrochemical is a Philippines based polyolefin manufacturer. Marubeni, a Japanese trading house, is also dissolving non-core businesses.

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