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Business deals

Malaysia's Petronas in $2.4bn deal to buy Swedish chemical maker

Both companies see acquisition as opening new growth paths

Malaysia's Petronas Chemicals is buying Swedish chemical maker Perstorp Holding. (Source photos courtesy of Petronas Chemicals and screenshot from Perstorp Group YouTube page) 

KUALA LUMPUR -- Malaysia's Petronas Chemicals Group, a subsidiary of state energy firm Petroliam Nasional Berhad (Petronas), said on Tuesday it will acquire Swedish specialty chemicals maker Perstorp Holding in a deal worth 2.3 billion euros ($2.4 billion).

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