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Hanwha Chem says abandons Sulfindo Adiusaha bid

September 21/2011

(Reuters) - South Korea's Hanwha Chemical said it abandoned a plan to buy Indonesian chemical producer Sulfindo Adiusaha, confirming Reuters' earlier report.

Hanwha said in a regulatory filing on Tuesday that it had considered buying the Indonesian petrochemical firm but the potential deal was suspended due to differences of opinion, it said, without elaborating.

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