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Belgium's Solvay to buy US producer Chemlogics for US$1.3b
Published Mon, Oct 7, 2013 · 10:00 PM
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[LONDON] Solvay has agreed to buy US producer Chemlogics for US$1.3 billion in cash to expand its offering of chemicals for the oil and gas industry.
The Belgian company is paying 10.7 times earnings before interest, taxes, depreciation and amortisation for the business, which generated about US$500 million in annual sales, Solvay said yesterda…
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