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Petronas Chemicals to acquire Bencis-backed BRB International

Malaysian chemicals producer Petronas Chemicals Group Bhd is buying Dutch chemical company BRB International BV.

The acquisition will allow Petronas to diversify its product portfolio into differentiated and specialty chemicals, Petronas Managing Director and CEO Datuk Sazali Hamzah said in a news release.

BRB is a portfolio company of European private equity firm Bencis Capital Partners BV.