Clarification

The Bangladesh Chemical Industries Corporation (BCIC) has clarified its position regarding a report published in the FE in its November 1, 2017 issue titled "Syngenta wants to buy BCIC stake in its Bangladesh entity".

The clarification, signed by the corporation's deputy manager Md Akhtaruzzaman, said the proposal for buying BCIC's 40 per cent equity was discussed in the 34th meeting of the board of directors of the company on May 24, 2009. But the proposal was not accepted by the chairman of the board i.e the BCIC chairman.

"BCIC had made its stand clear on this issue and no report of further proposal from Syngenta in BCIC's hand thereafter," it noted.