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.
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