Solvay and Arkema Disentangle PVC Joint Ventures in France and Spain

Solvay and Arkema announced today that SolVin and Arkema will each buy back the minority cross-holdings in their vinyls (vinyl chloride and polyvinyl chloride) production joint ventures in France and Spain. The two joint ventures are VinylFos, in which Arkema has a 79% and SolVin a 21% stake, VinylBerre, a 65%-35% jv between Arkema and SolVin, and Vinilis, a tie-up in which SolVin has 65% and Arkema 35% interest. The deals will become effective on July 1st, 2010. After unwinding the joint ventures, SolVin will become the sole shareholder of Vinilis in Spain and...

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