Ciba Acquires Daihan Swiss of Korea
KOREA: Ciba Specialty Chemicals announced the acquisition of the remaining 50% stake in Daihan Swiss Chemical Corporation in Korea for approximately $27 billion. The transaction gives Ciba 100% of the equity. Increasing the stake to 100% ownership allows Ciba to bring new and patented technology into the business and thereby open up direct access to one of the largest markets in Asia outside of Japan, according to company executives.
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