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Solvay and Rhodia Likely to Start Integration Process in Early September

5:11 AM MDT | May 30, 2011 | Natasha Alperowicz in Seoul

Solvay and Rhodia expect to begin their integration process in early September, provided they receive the relevant approvals, said Jean-Pierre Clamadieu, chairman and CEO of Rhodia, today. He was addressing journalists in Seoul via a video link from Shanghai, where he is currently visiting Rhodia’s business managers in Asia. Solvay in April agreed to buy Rhodia for €3.4 billion in cash, creating an industry giant with leadership positions in most of the companies’ products. Solvay will launch a formal tender offer to Rhodia’s shareholders...

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