National Petrochemical PLC to acquire Bangkok Polyethylene

Flush from a second-quarter 429% jump in profits, National Petrochemical PLC of Thailand signed a memorandum of understanding Thursday to acquire Bangkok Polyethylene PLC, Thailand's largest producer of high-density polyethylene (HDPE). NPC agreed to buy the company's shares for cash. The price will be determined by a formal due diligence to be undertaken shortly.

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