Thailand's Siam Cement Pcl agreed to buy 30 percent of Indonesia's Chandra Asri Petrochemical Tbk (CAP) for $442 million in a deal mainly with Singapore state investor Temasek that signals growing competition for Southeast Asian petrochemical assets.
Temasek has been looking for a buyer for its stake in CAP, Indonesia's top petrochemical maker. Full story
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Siam Cement to buy 30% in CAP - Malaysia Star
