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La Seda buys Sabanci PET business, reinforcing top European slot.

Publication: Chemical Week
Publication Date: 09-AUG-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: La Seda buys Sabanci PET business, reinforcing top European slot.(La Seda de Barcelona S.A., Sabanci Haci Omer Holdings A.S., polyethylene terephthalate)(Brief article)

Article Excerpt
La Seda de Barcelona says it has agreed to buy Sabanci's (Istanbul) purified terephthalic acid (PTA), polyethylene terephthalate (PET) bottle resin, and preform business, grouped under the Advansa (Hoofddorp, the Netherlands) name. The deal, due for completion at the beginning of October and subject to regulatory approvals, is worth 320 million [euro] ($408.5 million). Advansa was advised...

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