DC Chemical to sell stake in Columbian Chemicals

ERJ staff report (DS)

Seoul, Korea — DC Chemical intends to sell its entire stake in the carbon black maker, Columbian Chemical Holding LLC. The company said in a stock market filing that it plans to sell almost 257 million shares with a nominal value of almost Won 189000 million (Euro 106 million). Press reports indicated that its joint venture partner, One Equity Partners would buy the entire stake. One Equity did not respond to emails or phone calls.

In 2006 DC Chemical acquired a 66.75 percent…

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