BorsodChem boosts Czech stake to 100%

Analysis

Chemicals company BorsodChem Rt said it signed on November 15 an agreement to buy a 2.4997% stake of its Czech subsidiary BorsodChem-MCHZ from AliaChem a.s., based in Prague, daily Világgazdaság reported. The purchase will boost BorsodChem's stake in Ostrava-based BorsodChem-MCHZ to 100%. BorsodChem said the transaction took place by calling an option it signed with AliaChem on April 27, 2000. BorsodChem Rt purchased its 97.5% stake from AliaChem in the spring of 2000. BorsodChem-MCHZ's main product is aniline, the raw material BorsodChem uses to make MDI. BorsodChem-MCHZ boosted its annual aniline capacity from 110,000 tons to 150,000 tons in H2 2004, and can now meet demand at BorsodChem's new 100,000-tonne-capacity MDI factory.

ADVERTISEMENT

14,890 new COVID cases registered in Hungary Figures

14,890 new COVID cases registered in Hungary

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

Most employees want exit interviews HR

Most employees want exit interviews

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.