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MAI to acquire two European businesses

Makhteshim-Agan Industries (MAI) has agreed definitive deals to acquire 90% of German group PCC’s Polish agrochemical affiliate, Rokita Agro (Brzeg Dolny), and Serbian agrochemical distributor Magan Yu (Subotica). The company expects the acquisitions to add a “strategic product and extend the strength of MAI in the rapidly growing central European market”. MAI will pay a total of $20 million for the transactions, which are expected to be completed in early 2009.

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