in this issue
Regions :: North Asia :: Korea
Wacker to Buy Out Air Products in Polymer Joint Ventures
2:06 PM MST | December 14, 2007 | Nancy Seewald
Wacker-Chemie says it has agreed to acquire the shares it does not already own in two vinyl acetate ethylene-based emulsion polymer joint ventures with Air Products, for approximately $265 million. Air Products announced its intention to sell its shares in March 2006 as part of an effort to shed lower-margin chemical businesses (CW, March 29, 2006, p. 6). Wacker currently holds a 35% stake in a U.S.-based jv, and an 80% stake in a European jv. The deal is expected to close by the end of the first quarter of 2008, pending regulatory approval. The deal includes...
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: