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BorsodChem becomes sole owner of BorsodChem-MCHZ

Analysis

Hungarian chemicals group BorsodChem Rt has announced that it signed a share purchase agreement on November 15 with Prague-based AliaChem a.s. to purchase a 2.4997% stake of BorsodChem-MCHZ s.r.o., a company based in Ostrava.
As a result, BorsodChem now owns 100% BorsodChem-MCHZ. The transaction took place by calling the option stipulated in the agreement the parties signed in April 2000.
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