France's Arkema to buy S.Korean company PIAM for 728 mln euros

PI Advanced Materials

28/06/2023 06:41

June 28 (Reuters) - French chemicals group Arkema
 AKE.PA  announced on Wednesday a proposed acquisition of a 54%
stake in South Korean company PI Advanced Materials (PIAM)
 178920.KS , for 728 million euros  ($797.2 million).  
    The deal should be finalised by the end of 2023, the company
said.

($1 = 0.9132 euros)

 (Reporting by Michal Aleksandrowicz in Gdansk; Editing by
Jacqueline Wong)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))