Mexichem to Buy Petroquimica Mexicana de Vinilo Stake

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(Reuters, 6.Jul.2018) – Mexican chemicals and plastic pipe maker Mexichem agreed to buy state oil firm Pemex’s stake in chemical manufacturer Petroquimica Mexicana de Vinilo.

Mexichem said it would pay roughly $178.7 million for Pemex’s 44.09 percent stake in the company, while Pemex separately said that the sale would help it consolidate its finances. (Reporting by Daina Beth Solomon)

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