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Tuesday, November 14, 2006

Premium News: United Phosphorus to buy Europe co for 100 mln euros


Chemicals and pesticides maker United Phosphorus Ltd. plans to buy a crop protection products maker in western Europe for "slightly higher" than 100 million euros, a top company official said on Tuesday.

He declined to give the name of the firm but said Yes Bank was advisor to the deal.

United Phosphorus has been on an acquisition spree snapping up South Africa's Cropserve (Pty) Ltd. and buying the worldwide