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Thailand’s Indorama to acquire Spain’s Cepsa Quimica petrochemical businesses

( November 13, 2015, 05:25 GMT | Insight) -- Thailand’s Indorama Ventures, a major world producer of intermediate petrochemicals, has signed an agreement to acquire the purified isophthalic acid, polyethylene terephthalate and purified terephthalic acid businesses of Spain’s Cepsa Quimica...Thailand’s Indorama Ventures, a major world producer of intermediate petrochemicals, has signed an agreement to acquire the purified isophthalic acid, polyethylene terephthalate and purified terephthalic acid businesses of Spain’s Cepsa Quimica SA, the Bangkok Post reported. When the deal is finalized following the necessary legal approvals, IVL will become the second-largest PIA producer in the world. IVL had also acquired Cepsa Canada prior to this deal....

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