8 June 2017
DETAILS
Solvay has finalized the divestment
of its polyolefin cross-linkable compounds business
in Italy to family-owned group Finproject SpA.
Solvay has completed
The divested Formulated Resins business line,
formerly part of
Solvay's Technology Solutions Global Business Unit,
includes the product portfolio, manufacturing
and R&D facility
in Olean, New York, USA,
and all associated technical, commercial
and administrative staff.
Solvay has completed
the divestment of its cellulose acetate tow business,
Acetow, to private equity funds
managed by Blackstone.
The transaction is based on an enterprise value
of around € 1 billion, resulting in
net financial debt reduction of some € 0.7 billion.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
