PETRONAS Chemicals Group Berhad (PCG) and PCC SE today signed a Letter of Expression (EOI Letter) with Menteri Besar Terengganu (Incorporated) or MBI, a Terengganu state-owned company, for MBI to undertake a due diligence on PCG PCC Oxyalkylates Sdn. Bhd. (PCGPCC).
PETRONAS Chemicals Group Bhd (PCG) entered into a shares sales and purchase agreement (SSPA) with international chemicals, logistics and energy corporation PCC SE to acquire 50% of the latter’s shares in its Malaysian subsidiary, PCC Oxyalkylates Malaysia Sdn Bhd (PCC-OM).
PETRONAS said the change of company name underscored the successful development of the JV company and the strategic partnership between PCG and PCC, reflecting exemplary Asian European collaboration.
KUALA LUMPUR (Sept 14): Petronas Chemicals Group Bhd (PetChem) announced today that it has acquired a 50% stake in Germany’s PCC SE’s Malaysian unit, PCC Oxyalkylates Malaysia Sdn Bhd (PCC-OM), marking its entry into the growing oxyalkylates market.
