<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 12): Kuala Lumpur Kepong Bhd (KLK) plans to buy Elementis B.V.'s entire equity interest in Elementis Specialties Netherlands B.V. (ESN) for €39 million (RM187.2 million) to grow KLK's downstream specialty chemical business.</p></div>

<div class=newsTextDataWrapInner><p>According to a Bursa Malaysia filing today, KLK, Elementis B.V. and ESN had yesterday (Dec 11) "executed a signing protocol" to obtain the advice of the Dutch Works Council on the proposed acquisition of 3,404 shares in ESN.</p></div>

<div class=newsTextDataWrapInner><p>"ESN comes with a large established customer base and is expected to generate overall benefits to KLK's chemical business," KLK said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The €39 million purchase price is based on ESN's enterprise value, read the filing. KLK said it will finance the acquisition with its cash reserves and bank borrowings.</p></div>

<div class=newsTextDataWrapInner><p>At Bursa Malaysia today, KLK shares settled at RM24.38 at 12:30pm for a market value of RM25.94 billion. The stock saw 165,600 shares traded.</p></div>

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KUALA LUMPUR (Dec 12): Kuala Lumpur Kepong Bhd (KLK) plans to buy Elementis B.V.'s entire equity interest in Elementis Specialties Netherlands B.V. (ESN) for €39 million (RM187.2 million) to grow KLK's downstream specialty chemical business.

According to a Bursa Malaysia filing today, K...

Kuala Lumpur Kepong plans Elementis Specialties buy

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