Total Says No Sale Process Under Way for Resins Business
October 21 2020 - 5:08AM
Dow Jones News
By Olivia Bugault
Total SE said Wednesday that its resins business Societe Cray
Valley isn't for sale, in response to media reports in early
October that the French oil-and-gas company was launching a sale of
its unit.
"Total will respect the commitments made in 2013 during
Carling's restructuring concerning the global C4 resin and RW resin
businesses, which are to continue their development within the
group," it said.
The Societe Cray Valley operates the Carling petrochemical
platform in the Lorraine region, eastern France.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
October 21, 2020 04:53 ET (08:53 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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