IHS Chemical Week

Regions :: Western Europe :: Austria

Solvay to Sell Its Stake in Plastic Pipe Firm to Wienerberger

9:28 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?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa