Solvay completes the divestment of its Solvay Indupa stake to Unipar
December 27 2016 - 3:15PM
Brussels, December 27,
2016 --- Solvay has completed the sale of its
70.59% stake in Solvay Indupa to Brazilian chemical
group Unipar Carbocloro, following the
approval earlier this month of the Brazilian antitrust
authority CADE.
"The sale of Solvay Indupa,
producers of PVC and caustic soda in Brazil and Argentina, marks
another important step in Solvay's transformation," said
Vincent De Cuyper, member of Solvay's Executive Committee.
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and advanced materials company, Solvay assists its customers in
innovating, developing and delivering high-value, sustainable
products and solutions which consume less energy and reduce CO2
emissions, optimize the use of resources and improve the quality of
life. Solvay serves diversified global end markets, including
automotive and aerospace, consumer goods and healthcare, energy and
environment, electricity and electronics, building and construction
as well as industrial applications. Solvay is headquartered in
Brussels with about 30,900 employees spread across 53 countries. It
generated pro forma net sales of € 12.4 bn in 2015, with
90% made from activities where it ranks among the world's top 3
players. Solvay SA (SOLB.BE) is listed on
Euronext in Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR). |
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You can find here the press release
in PDF
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The issuer of this announcement warrants that they are solely
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information contained therein.
Source: Solvay S.A. via Globenewswire
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