Solvay completes the sale of its Vinythai stake to AGC Asahi Glass
February 23 2017 - 1:01AM
Brussels, February 23, 2017 ---
Solvay has completed the divestment of its 58.77 percent stake in
its Thai subsidiary Vinythai PCL to Japanese company AGC Asahi
Glass. The transaction was based on a total enterprise value of
16.5 billion Thai Baht (€ 435 million).
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An international chemical
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 billion 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).
Vinythai operates Solvay's state-of-the-art
chlorovinyls technology and is a key player in the Southeast Asian
market. With 450 employees, it had net sales of € 436
million in 2015. It is listed on the Stock Exchange of
Thailand. |
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information contained therein.
Source: Solvay S.A. via Globenewswire
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