Umongo fills gap in Omnia’s range – Business Day

Omnia is buying 90% of Umongo Petroleum for R780m, adding new product lines and geographies to expand the diversified chemicals group. The deal, which still has to be given the green light by SA’s competition authorities, will add 6% to Omnia’s overall annual turnover of about R16 billion. Aslam Dalvi comments.

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