Chemicals
BorsodChem to buy Ciech?s benzene unit
Hungarian polymer plastics manufacturer BorsodChem is negotiating a deal to buy Poland?s Petrochemia Blachownia, a benzene and ethylene unit of Ciech chemicals trading group. Sources close to the situation say the deal to buy Petrochemia, a company with 300 million zloty in annual sales, will be closed within two weeks. Ciech plans to use proceeds from the sale to finance acquisitions of soda ash producers in Poland and in Romania. Warsaw-based company...