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Monday, May 6, 2024

UAC Global moving away from chemicals

Company sells 70% share to Italian firm as it diversifies further into clean energy

Kitti Jivacate (second from left) chairman of the UAC executive committee, shakes hands with Marco Medini, chief executive of Icap-Sira, to mark the companies’ share sale agreement. They are joined by other executives, including president Chatchapol Prasopchok on the far left. (Photo supplied)

UAC Global Plc, a chemical trader and clean power operator, is steering away from its chemical business by selling a 70% share, worth 101.2 million baht, in its UAC Advance Polymer and Chemical Co to an Italian company expanding into Asean.

The share sale, which started in October last year, follows UAC’s diversification…

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