Chemanol gets GAC nod to acquire ADDAR, GCI

04/09/2023 ِArgaam

Chemanol gets GAC nod to acquire ADDAR, GCI

Logo of Methanol Chemicals Co. (Chemanol)

The General Authority for Competition (GAC) gave today, Sept. 4, the go-ahead for Methanol Chemicals Co. (Chemanol) to acquire 80% of Global Co. for Chemical Industries Ltd. (GCI).

 

In a separate statement, GAC also approved Chemanol’s acquisition of an 84% stake in ADDAR Chemicals Co. (ACC).

 

Last June, Chemanol signed two binding offers to buy 84% of ADDAR and 80% of GCI, Argaam earlier reported.

 

For More Mergers and Acquisitions

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