Month: May 2022

The South African Association of Meat Importers and Exporters says that creating a robust, successful poultry export market for South African chicken would bring material value to the entire value chain, from local producers and their shareholders, to medium and small scale farmers, exporters, processors, and consumers. They said that the country is missing a massive opportunity because it does not meet the health and safety standards required by trade blocks such as the EU. “In 2019, all parties, including the local industry, importers and Government, signed and agreed to…

PETRONAS Chemicals Group Berhad (PCG) signed a Securities Purchase Agreement on 14 May 2022 to acquire the entire equity interest in Perstorp Holding AB, a leading sustainability-driven global specialty chemicals company with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm. The acquisition values Perstorp Group at an enterprise value of EUR2,300.0 million, which is equivalent to RM10,496.1 million. PCG’s journey to achieve its vision of becoming the preferred chemical company providing innovative customer solutions is based on a clear strategy; to strengthen its basic petrochemicals portfolio,…