Venture to buy Texaco Chemical for $1.06 billion

A U.S.-Australian joint venture has agreed to purchase Texaco Chemical Co. (TCC) for $1.06 billion, enabling parent Texaco Inc. to substantially withdraw from the petrochemical business. Huntsman Corp., a 50-50 venture of Huntsman Financial Corp. (HFC), Salt Lake City, and Consolidated Press Holdings (CPH), Sydney, will purchase TCC and almost all its worldwide operations.

Sep 20th, 1993
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