OTHER NEWS - Dec. 23, 1994
From Times Staff and Wire Reports
Dow Chemical Corp. Buying German Plants: The company is buying three chemical plants in the former East Germany in a transaction worth an eventual $2.5 billion, said the German Treuhand agency, which is charged with selling off former Communist enterprises. The purchase by Dow is one of the largest of former Communist-run enterprises made since German reunification and is probably the last before the selloffs of Eastern German assets end later this month. Under the deal, Dow will acquire former state-run chemical plants in Leuna, Buna and Boehlen, all in the former East Germany, and will invest in modernization, mostly over the next five years, it said.
