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PCG completes Da  Vinci acquisition 
Published on: Saturday, September 14, 2019
By: Bernama

Kuala Lumpur: Petronas Chemicals Group Bhd (PCG) has completed the acquisition of 100 per cent stake in the Netherland incorporated Da Vinci Group B.V. 

Following the completion of the acquisition, Da Vinci has become PCG’s wholly-owned subsidiary with immediate effect.

The chemical producer had in May this year announced the signing of the sale and purchase agreement for a stake in Da Vinci from its shareholders for RM760.60 million.

Da Vinci Group is a private limited liability company with global operations involving own-brand reselling, formulating and manufacturing of silicones, lube oil additives and chemicals. – Bernama



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