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Ineos to hive off vinyls into joint venture; Rafnes cracker to stay with Ineos

10:22 AM MDT | April 30, 2013 | Natasha Alperowicz

CW has learned that Ineos is at an advanced stage of discussions with an unnamed party to transfer the Kerling chlor-vinyls business into a joint venture, which would become one of the leading chlor-vinyls players globally. Kerling hopes to announce the name of its proposed partner and the terms of the transaction within the next few weeks, and probably by the time of its full first-quarter results on 10 May.   Kerling is Europe’s largest producer of polyvinyl chloride (PVC), with a 29% share of the market. It comprises the chlor-vinyl businesses of...

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