in this issue
People & Business :: Companies
Solvay to Sell Its Stake in Plastic Pipe Firm to Wienerberger
11:48 AM MST | February 16, 2012 | Sotirios Frantzanas
Solvay says it has agreed to sell its 50% stake in polyvinyl chloride pipe systems supplier Pipelife (Vienna) to Wienerberger (Vienna). Solvay will receive €172 million ($224 million) in cash for its shares, including a dividend of €10 million, under the terms of the agreement. Solvay expects the enterprise value of the deal to be about €257 million, by taking into account assumption of liabilities such as pensions and other debt-like items of about €85 million, the company says. The deal is subject to antitrust...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee