KINGSPORT, TN — Eastman Chemical Co., through its European subsidiary Eastman Chemical The Hague B.V., completed the acquisition of 76% of the shares of Chemicke Zavody Sokolov, a chemical company located in the Czech Republic.
Eastman said the acquisition has received approval from the appropriate antitrust authorities in several European countries. The company also said it expects to increase its ownership interest by conducting a public tender offer process for the outstanding shares of the remaining stockholders.
