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Accentuate in Venture With Water Treatment Company Ion Exchange

June 19 (Bloomberg) -- Accentuate Ltd. said its Safic (Pty) Ltd. unit concluded a joint venture agreement with Ion Exchange (India) Ltd. to widen its water treatment operations in South Africa.

Under terms of the accord that are effective July 1, the venture’s ownership of Ion Exchange-Safic (Pty) Ltd. will be 60 percent held by Ion and the remainder by Safic. The venture will be established in Johannesburg with offices operating from Accentuate’s site in Steeldale, the company said in a statement.

Link to Company News:{ACE SJ <Equity> CN <GO>} Link to Company News:{ION IN <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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