UPDATE: Nuplex shares rise 3.9% on A$127.5 sale of ANZ units to CHAMP backed company

Tue, 21 Oct 2014

(Updates share price movement in lede, adds comment in third, fourth and fifth graph) By Suze Metherell Oct. 22 (BusinessDesk) - Shares of Nuplex Industries rose 3.9 percent after the specialty chemicals maker agreed to sell two of its Australasian units to a company backed by Champ Private Equity for A$127.5 million, using the funds to repay debt and possibly make a capital return. Axieo, an investment vehicle of Sydney-based Champ, will buy Nuplex Masterbatch, the plastic additives business, and Nuplex Specialities, the distribution...

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