ACMG raises cash in shares sale

Chynoweth, Emma
February 2007
ICIS Chemical Business;2/26/2007, Vol. 2 Issue 55, p15
Trade Publication
The article reports on a letter of intent signed by Alcar Chemicals Group (ACMG) to sell 55% of its shares to a Southeast Asian consortium of private investors, technology funds and venture capitalists represented by Siam Renewable Energy Group. ACMG has developed technology for producing fuel and plastic resin from biomass. According to Alexander Cavasin, chief executive officer (CEO) of ACMG, the deal will allow the company to complete its facility in Quebec.


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