LSB mulls raising Greek PET stake

Castano, Ivan
July 2007
ICIS Chemical Business;7/2/2007, Vol. 2 Issue 73, p23
Trade Publication
The article reports that Spanish polyethylene terephthalate (PET) producer La Seda de Barcelona SA (LSB) is considering buying the 30% stake of Greek subsidiary Volos Pet Industry SA (VPI). A company spokesman also confirmed that LSB would earmark $20.16m to pay its first dividend this year. Shareholders have also given their backing to build a 700,000 tonne/year purified terephthalic acid (PTA) plant in Sines, Portugal, alongside Portuguese investment agency API.


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