Punjab Chemicals – Acquisition of SINTESIS QUIMICA, Argentina
Punjab Chemicals & Crop Protection Ltd has informed BSE that the Company and SD Agchem (Europe) NV, a 100% subsidiary of the Company have entered into a MOU to buy a Company in Argentina (Latin America) namely SINTESIS QUIMICA.
To acquire 100% shareholding of SINTESIS QUIMICA, the final Share / Purchase Agreement and other legal formalities will be completed in due course.
The acquisition amount is 10 Million USD.
SINTESIS QUIMICA has two state of art manufacturing facilities in the outskirts of Buenos Aires. The Company is engaged in Agro Chemicals. Formulations and Industrial products.
This acquisition will bring the Company more aggressively in the Latin American Market.
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